Posts Tagged ‘farming’
Savings of £700,000 & Settlement at 4.1%
Property Associated Debt -A farming Client of ours contacted for advice regarding a property associated debt he had with a primary, local lender. -Our Client had no interest in the properties, which had been untenanted for quite some time, were costing him money and thus he was happy to work through a consensual sale process…
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Money raised for negotiations via litigation
Debt settlement – Homes and Farms protected A Farming Client of ours approached us in relation to significant pressure they were facing regarding a debt of c£2.5m owing to one of the most aggressive, local based lenders existing -The money that had been lent was somewhat on a bridging basis on the back of the…
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PLIGHT OF FARMING & ULSTERBANK LOAN SALES…THERE IS HOPE IF BORROWERS ARE PROACTIVE
Borrowers are now being put on notice of the imminent loan sale of their portfolios contained within their SME Recoveries Department. Bank issues have been well chronicled but continue to unfold bought to light recently with Ulster Bank announcing they’re selling the lower part of their loan book known most recently as SME Recoveries. Ulster…
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