Posts Tagged ‘negative equity’
The Benefits of Debt Strategists
WHAT ARE DEBT STRATEGISTS Debt strategist might sound like the job title of the bulge-bracket merchant banker in the Square Mile – but that’s not right. A good debt strategist is the vital problem solver every entrepreneur should have in their contact book. But whether it is business collapse with a personal guarantee attached or…
Read MoreAre you sitting on a mortgage time bomb?
In this day and age, owning your own property is a luxury that many people will never experience… With rising interest rates and the cost of living and property rising each, many millennials are turning to renting as their only option, when they fly from the safe and secure nest of their home with their…
Read MoreDebt Strategy experts Bell & Company weigh in on the insolvency figures from 2017 and consider what 2018 may have in store.
With the New Year just starting, Bell & Company, are keen to decipher the insolvency figures from 2017, and consider what they may mean for 2018. According to statistics released by The Insolvency Service, an estimated 4,152 companies entered insolvency during the third quarter of 2017. While this number may seem significant, this number has actually…
Read MoreWhat’s the best course of action when you are facing negative equity?
If you are dealing with negative equity, it’s likely that you are worried about what the future will hold for you in terms of finance. Negative equity is when a property is worth less than the mortgage secured on it, and it’s normally caused by falling property prices. If you are currently faced with negative…
Read MoreMammoth overall savings of 92%!
Our client approached us with a crystalized debt of over £150,000, owed to a huge banking institution in the Republic of Ireland. The client had not had any contact with the said lender for almost 5 years and had relocated to England to pursue new ventures. Out of nowhere, he received letters from the bank,…
Read MoreBell & 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…
Read MoreHow you can beat debt
How you can beat debt Debt is a problem that affects millions of people all over the world. In the UK specifically, over 8.3 million families are currently living in debt, with this often causing people emotional stress and anxiety as well as financial problems. In Newham, London, more than 20% of the people living…
Read MoreWill property costs in the UK continue to rise?
Property costs in the UK For many of us, property prices are simply too high. A sizeable majority of us are priced out of living in our capital where, along with higher living costs, you’ll find the average house price to be a whopping £481,556. Perhaps soaring prices are to be expected in Britain’s capital,…
Read MoreFirst-time investor left with large shortfall
Bell & Company were contacted by a gentleman who had been left in negative equity on his home. This was the gentleman’s first time investing in property, and unfortunately, just took out a mortgage at simply the wrong time, and had the possibility of insolvency looming over him. At Bell and Company, over our years…
Read More'Buy-to-Let' property stress
Bell & Company finalise successful negotiations on a buy-to-let property. An older couple based in England approached our company regarding a property they had bought to rent as a holiday home in the south of the country. The lender was known to be notoriously difficult to deal with, so this was an ongoing battle between the…
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