Posts Tagged ‘mortgage prisoner’

A Complete Guide to Negative Equity

A Complete guide to Negative Equity

The term ‘negative equity’ is one no homeowner wants to hear. But what is negative equity and what does it mean if you find yourself hearing those dreaded words? Since the start of the recession all those years ago, the term has been paraded around the media more than any other. The mere mention of…

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Marriage breakdown – Divorce Situation

Marriage breakdown

Mortgage Settlement A couple from Co Down with a marriage breakdown sought help from our specialists after their divorce as they agreed it was beneficial to sell the property they owned together which forced them into Negative Equity. The mortgage on the property was for £204,000. We achieved agreement from the lender to a consensual…

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Mortgage Shortfall Settlement

Mortgage

Mortgage repayments A Single lady bought a house in North Belfast with a £230,000 mortgage in 2006.  Her mortgage repayments were £770 per month Interest only. Unfortunately she lost her job and could not afford to pay her mortgage. Bell & Company helped her through the process. The Client opted to sell the property on…

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Mortgage Shortfall Settlement

Personal Guarantee

Buy to let properties A couple approached Bell & Company with three buy to let properties that were distressed . The rent acquired on the three properties was not even covering the mortgage repayments and the couple had been struggling leaving them with arrears. The lender had appointed a receiver when the couple sought help.…

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