Posts Tagged ‘mortgage’


Implementing your New Year’s Resolutions

With 2018 in full swing, many of us are focussing on staying on track when it comes to achieving the resolutions that we set for ourselves this year. For a lot of people that means tackling debt that may have crept up to higher levels over the festive period. With presents to buy and more…

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Bell & Company

Bell & Company prove benefits of great business relationships

Bell & Company were recently able to assist a young couple with 2 young children facing eviction from the family home. Bell & Company were appointed and approached the lender seeking a consensual sale, which was accepted by the lender. In this instance, Bell & Company achieved savings of around £105,000, after the agreed open…

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huge shortfall

A couple helped out of huge shortfall after their seperation

A former couple had been under the weight of a huge shortfall of over £105,000. They were both trying to move on with their individual lives, but, this lender, in particular, remained unsympathetic to their situation. After a number of weeks negotiating, the lender placed the file on hold for a year, hoping for a…

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English 'buy to let' case settled within 5 months

A young man based in England approached our company regarding an unsustainable ‘buy to let’ property he owned. After weighing up his options, he decided after much deliberation to surrender the property back to the lender. Thankfully the property sold quickly and left a shortfall of just over £30,000. This shortfall is deemed as a…

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Finance professional avoids Bankruptcy

Bell and Company recently assisted a professional to avoid Bankruptcy Our client, who happened to be a professional in the field of finance, unfortunately, fell victim to the property crash, which saw them left with a shortfall of over £110,000. They decided to surrender the property back to the lender as arrears and liability continued…

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The Recession, ten years on: how are we affected?

The recession, ten years on: how are we affected? The recession began as just another financial crisis on Wall Street. There was an issue with subprime mortgages in America—mortgages given to people who looked to be high-risk lenders, with difficulty maintaining a repayment schedule—which became a bigger and bigger issue as more and more people…

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low mortgage shortfall settlement

‘Low’ Mortgage Shortfall Settlement

Our Client had an outstanding mortgage shortfall of £13,000 and needed to break free from their debt to move on with their life. Many lenders consider lower outstanding debts such as this to be deemed as ‘affordable’ over someone’s lifetime. In such a case, the lower level of crystallised debt could provoke the Lender consider…

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property crash

My home has been sold and now I have received a letter chasing an outstanding balance. What are my options?

As the various lending institutions work through their ‘delinquent’ mortgage books, more and more people are approaching us at the end of the sale process, when the lender and their agents, usually solicitors, chase and seek recovery of the outstanding amount due, after the disposal of the asset(s) involved. If a property was purchased pre…

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