Posts Tagged ‘mortgage’

The misconceptions of Bankruptcy Exposed

Bankruptcy, the “B” word, is feared by many. This is often as a result of uninformed misconceptions. There is a possibility of positive and negative outcomes depending on the individual situation. However, regardless of the outcome, Bankruptcies are on the rise. This week we had 23 queries in relation to Bankruptcy. Individual Bankruptcies have increased…

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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…

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£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…

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Overall savings of £42,000 for older gentleman

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.…

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£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…

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£65,000 Saving & Home Protected

£65,000 Saving and Home Protected

Our client, in this case, had been unable to maintain the payments on her mortgage and had developed huge arrears in an extended period of financial difficulty. The property in question was a 2nd property, which was tenanted. Bell & Company upon initial consultation advised the client on a consensual sale however the lender in…

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Tricky Shortfall of £40,000 settled for £8,000

Tricky Shortfall of £40,000 settled for £8,000

Our client, in this instance, had been with Bell & Company for several years. They had simply invested at the wrong time, just before the property crash of 2008. He owned a problematic buy-to-let property portfolio and had a number of properties now in negative equity. The client’s lender, who are notoriously difficult and reluctant…

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Implementing your New Year’s Resolutions

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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