Posts Tagged ‘repossessions’
Bankruptcy- What can happen?
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…
Read MoreCan I sell if I'm in Negative Equity?
Bell & Company regularly hear individuals in Negative Equity declare themselves as “Mortgage Prisoners”. This opinion is often developed from listening to poor knowledge of their circumstances and not seeking professional independent advice. The answer to the question is, YES but it depends. Some lenders will allow borrowers who are in Negative Equity to sell…
Read MoreCould I lose my home?
One thing we understand entirely is that home is sacrosanct to most people thus it is imperative that the situation in home is investigated first and foremost. In many instances, a Borrower/Guarantor’s home will be mortgaged with another lending institution and, as a result of the property crash, there will very rarely be equity in…
Read MoreLONDON – IS THE BUBBLE BURSTING?
Bell & Company have previously written posts on the potential property bubble developing in London and the South East of England. In the last week there have been murmurs in the financial press that the bubble could indeed be bursting. London, once deemed one of the most secure property investments, is now looking shaky. A…
Read MoreMY HOME IS BEING REPOSSESSED – WHAT ARE MY OPTIONS?
Should you or anyone you know be under stress caused by property repossession or any debt scenario then please contact us today on 02890 517047 and we can arrange a free initial consultation
Read MoreNORTHERN IRELAND REPOSSESSION “HOTSPOTS”
NORTHERN IRELAND REPOSSESSION “HOTSPOTS” Following the setup of The Housing Repossession Taskforce they undertook a review of the market of property repossession in Northern Ireland and identified hotspots. These are listed below: Limavady Derry / Londonderry Dungannon Armagh Omagh Banbridge Newry Carrickfergus This demonstrates a “Belfast-centric” approach to the housing crisis in our opinion. As…
Read MoreMortgage Debt Settlement
Buy to let property Our client in this instance was a successful director of an up and coming Joinery firm with significant turnover. A buy to let property had been repossessed and sold and a substantial shortfall accrued of c£165,000 Initially, the client in question did not believe a settlement could be achieved but nonetheless…
Read More