Eviction avoided & £200,000 shortfall settled for 10%

By on June 21st, 2018

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Our clients had found themselves in increasingly distressing circumstances and were due to be evicted from their family home. The bank had given the family 10 days to vacate their home before it was repossessed due to arrears on the mortgage.

We have developed a great relationship with this particular lender over our years in business and as a result, they agreed to allow a consensual sale and cease the legal process. The family was able to save their home.

The property had a crystallised mammoth shortfall of just under £200,000 and we were able to negotiate a full and final settlement of just under 10%. Although this case was traumatic to begin with, it became more and more straightforward as negotiations progressed, primarily due to our great relationship with the lender.

The family are delighted to be relieved of this burden.

Bell & Company’s professional proactive approach ensures all those facing property debt issues can mitigate such burdens.

If you find yourself facing issues surrounding property debt, Contact us. We offer a free initial consultation and full case review.

Our team will answer all your queries as soon as possible.  If your query is of an urgent nature call us NOW on 02895 217 373.

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