These are some common reasons Landlords delay taking action. Do any sound familiar?
I don’t want to go bankrupt!
In the vast majority of our cases (over 99.5%), there is no need for bankruptcy to fix the problem. As experts in this field, we offer a full review service and bespoke solutions for our clients, taking into account affordability and their future aspirations. Bankruptcy is not an ideal solution for either borrower or lender.
Some of my properties are “gems”, I don’t want to lose them!
The clear majority of our clients are the same. A detailed review and stress-testing your portfolio against all the potential threats will establish which properties to keep and which need to be addressed.
I’ve never missed any payments in my life
Most of our clients are exactly like you. Often a Landlord debt issue is not purely financial. You don’t need to be struggling financially at this stage but it could be clear that problems in the future make the situation untenable.
I’m worried about my credit rating
This is the most common concern we hear from our clients. Because we review cases in-depth, we can advise you about future creditworthiness with our vast experience and track record, but it is worth noting that lenders have a diverse attitude to how they record debt settlements on a client’s credit file. If you require further explanation of this please get in contact.
I don’t want anyone to find out about my issues, especially my tenants and agent.
Neither do we. Our review service is totally 100% confidential. We advise you on exactly what your options are and present tailored solutions before you make any decisions.
I don’t want to discuss my private finances with a stranger
This is natural, most clients have felt the same way before they spoke to Landlord Debt Advisory. What they found was an expertly trained, empathetic adviser who could provide all the guidance, support and reassurance needed, we don’t judge, we help.
My situation is different. My mortgage lender would never write-off any debt for me
Clients voice this concern to our advisers every day. The nature of our service is such, that we can establish exactly where you stand and what your options are before any negotiation even takes place. If you’re worried about debt and you’re on this website, isn’t it worth a phone call for peace of mind?
I can’t afford to pay fees
Every client is concerned about costs and cash-flow, but have you factored in the cost of doing nothing? We will provide the advice needed so you can make an informed decision about your next steps, it is crucial that you are aware of ALL options available and the cost/implications of each. We offer payment terms that mean clients pay as their case progresses, you can see what you are getting for your money at every step of the way. We are totally transparent and will never take on a case unless it is financially beneficial to the client to do so.