Posts Tagged ‘Northern Ireland’

We look back on 2017

We look back on 2017

Bell & Company reminisce about the year that has passed… 2017 has been a mammoth year for the team here at Bell & Company. As a business, we continue to reach new heights. If we reminisce back to 2016, we remember huge, breaking news, like BREXIT, Donald Trump’s rise to power, Leicester City winning the Premier…

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Are the banks still lending too much?

Lending out too much

The global financial crash of 2008 is widely considered to have been the worst financial crisis since The Great Depression of the 1930s. Banks went bust, unemployment levels rose and many governments embarked upon austerity measures in an attempt to reduce enormous budget deficits the recession had laden their respective countries with. Earlier this year The…

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Personal Guarantee exposure, 97 jobs saved and savings of £560,000

personal guarantee

In October 2017, Bell & Company assisted a multi-site Northern Ireland business with Personal Guarantee exposure. The clients instructed Bell & Company regarding their Personal Guarantee Exposure of £200,000 and potentiality loss of the company properties to a Fixed Charge Receiver. The closure of the company would result in 97 employees losing their jobs and many…

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First-time investor left with large shortfall

first-time investor

Bell & Company were contacted by a first time investor 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…

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‘Buy-to-Let’ property stress

Buy-to-Let

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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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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RBS’s Global Restructuring Group Apologises

RBS’s Global Restructuring Group apologises to thousands of customers following pressure from the Financial Conduct Authority (FCA). This is a two-part blog covering the events of RBS’s Global Restructuring Group (GRG) ‘misleading’ practices. In this first release we will look at a brief time line of events and what lead to the public owned Bank…

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Brexit to potentially delay Bank Loan Sales

brexit

In recent times, we have been approached by various individuals, businesses and professionals, all of whom have received letters from their primary lender essentially providing them with them with three options as follows: (a) Pay now in full (b) Re-finance and pay in full (c) Failing the above, we will sell to a third party fund…

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Bankruptcy- What can happen?

Bankruptcy

Bankruptcy, the “B” word, is feared by many and has negative connotations associated with it. Sadly, we see many Creditors petitions in Court for borrowers being made Bankrupt by their Lender. Perhaps the stigma surrounding Bankruptcy has been reduced since 2008 due to the increase in numbers filing for Bankruptcy but it is still something…

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