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For many, summer is downtime for relaxation and rest with schools off and holidays to be had.
As ever, at Bell & Company, we are working to steer our clients out of the burden of debt.
Read below for some stories of our summer successes.
£85,000 saving for working family
Our clients in this situation were a working family with two young children.
They bought several investment properties before the crash, which had subsequently fallen into negative equity.
This was a huge financial burden on the family and they were struggling to maintain mortgage payments on all properties.
The couple appointed Bell & Company to negotiate the sale and final shortfall of the properties.
The property in question had been sold and the couple were left with a crystallised shortfall of £95,000.
After protracted negotiations and the cooperation of the lender, a full and final settlement of £10,000 was accepted.
The couple were understandably relieved as they can now move forward without this unaffordable debt hanging over them.
To read more about how we can help those in negative equity, click here: https://www.bellcomp.co.uk/services/negative-equity-solutions
£85,000 saving for working family
The client in this situation was an older gentleman.
He had several properties in negative equity that were causing him a great deal of stress as he was struggling to maintain payments.
He approached Bell & Company in the hope of relieving some of the stress that the situation was causing him and his family.
Bell & Company negotiated the sale of this particular property which left a crystallised shortfall of just under £50,000.
We liaised with the lender and proposed a full and final settlement of £8,000 which was accepted. This resulted in an overall savings of £42,000 for our client.
For more negative equity success stories click here: https://www.bellcomp.co.uk/success-stories/testimonials/
£38,000 saving on investment gone wrong
In this situation, our clients had invested in a second property with an interest only mortgage.
However, the value of the property drastically declined in a short period of time leaving the couple with a large mortgage in negative equity.
Bell & Company were appointed to negotiate the sale and the full and final settlement of the property.
We achieved a sale leaving a crystallised shortfall of £40,000.
After lengthy negotiations a full and final settlement of 10% was accepted.
The couple were overjoyed to have the burden of this debt weighing on them.
To read testimonials from previous clients, click here:https://www.bellcomp.co.uk/case-studies/testimonials
Third party debt settled for £11,000
In this instance our client had a longstanding shortfall debt of £36,000.
This debt was recently sold to a third party.
Our client was worried about the misconceptions of third party debt collection agencies.
However, at Bell & Company we regularly deal with third parties such as this one and have a good working relationship with them.
Through our negotiations and their cooperation, we were able to reach a settlement of 11,000.
This resulted in a 26,000 saving for our client, is very relieved to be free of this unaffordable debt.
If you would like to know more about third party debt collection agencies or loan sales, click here: https://www.bellcomp.co.uk/my-debt-has-been-passed-to-a-third-party-debt-collection-agency-what-does-this-mean
Want to be part of our summer successes stories? For more information about Bell & Company call us today on: +44 (0) 2895 217 373 You don’t have to deal with your debt problems alone.