Across Ireland, Northern Ireland and the rest of the UK, homeowners are as vulnerable as ever to negative equity.

The Guardian reported that a couple from Northern Ireland paid c£700,000, for a luxury home when the property market was at its peak.

After being struck with the recession they were forced to sell their home, taking a huge loss of £410,000. Stories like this are day to day at Bell & Co, with thousands of people across the UK and Ireland finding themselves in very similar situations. Since 2008, property prices are far from what they were. In fact, in Northern Ireland and North England, properties are a fraction of the cost.

It seems like these issues are predicted to stick around for the near future. The rate of inflation raises, due to the value of Sterling declining, affecting peoples incomes. Investments are being delayed and jobs are moving out of the UK in the banking and finance sectors.

Effects of 2008 Crisis

The 2008 crisis has negatively affected the economy longer than expected and with Brexit lingering, it is premature to predict the state of the UK economy. Regarding problematic properties. Many of our clients feel like they are out of options with no way out.

Contact Bell & Company to find the best options available for you. If…

The options available

Our specialised debt strategists team deal in all aspects of property debt.

We pride ourselves on providing options for our clients who, at times, find it hard to make an informed decision, when burdened with debt. Negotiating with Banks is our specialty and our methods in doing so are second to none. We assess your situation and provide tailored options to get you the best outcome possible.

Our Debt Strategists team provide impartial and tailored advice to suit your circumstances.

Call us today on 0330 159 5820 or contact us, where we can quickly review your case and point out your options.

For further information on options & solutions for negative equity please read our Negative Equity Solutions brochure

NSPCC NI Fundraising Challenge – The Power of 4

The Power of 4 Belfast-based Debt Strategists, Bell & Company, are taking part in an intriguing Fundraising Challenge –...

Property FRI Leases

The principal reason for securing a CVA allows these ‘mega-retailers’ to excuse themselves of onerous property FRI leases. Obviously,...

V-Shaped Recovery?

After Rishi’s summer statement, the public borrowing has now reached £350bn. Everyone knows a recession is here and redundancies...

Back to News