Posts Tagged ‘UlsterBank’
My Loan Has Been Sold to A Third Party – What does this mean for me?
At Bell & Company, we assist individuals whose original loans have been sold to a third party. Some may remember that, recently in Northern Ireland, we were asked to attend with a joint committee at Stormont to outline how Cerberus were liaising and reviewing cases of loans they purchased from Ulster Bank. You can revisit…
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 MorePLIGHT OF FARMING & ULSTERBANK LOAN SALES…THERE IS HOPE IF BORROWERS ARE PROACTIVE
Borrowers are now being put on notice of the imminent loan sale of their portfolios contained within their SME Recoveries Department. Bank issues have been well chronicled but continue to unfold bought to light recently with Ulster Bank announcing they’re selling the lower part of their loan book known most recently as SME Recoveries. Ulster…
Read MorePODCAST: Frustrated by the delays that are being caused by Cerberus' current approach?
Welcome to the first edition of the Bell & Company podcast. Today we have HELEN MCCARRAGHER discussing Cerberus… You may recall over the last month we have been placing a focus on Cerberus. In fact I took it upon myself to write a paper on the subject for my most recent MBA modules such is breadth…
Read MoreCERBERUS, CERBERUS …. WHAT ABOUT OTHER BANKS?
Before you continue reading this weeks blog why not check out our recent settlements by clicking the link below Recent Settlements
Read MoreMeetings & Discussions with Cerberus
LOAN SOLD TO CERBERUS? – ACT NOW!
In a recent blog we discussed the sale of Ulster Bank loan books to Cerberus. Since then things have moved a pace and at Bell & Company we are pleased to report we have had constructive meetings and discussions with Cerberus thus far. Cerberus are now starting to initiate contact with borrowers whose loans have…
Read MoreCerberus and Ulsterbank- Loan sales- What is going on!?
In late 2014 it was announced that Cerberus had purchased Ulster Bank’s giant non-performing Project Aran loan book. Cerberus paid £1.1bn for Project Aran which has an unpaid loan balance of c£6bn. The transaction completed in the first quarter of this year and Cerberus and Cerberus Capital management have started to work away. Project Aran…
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