If You Have Property In Negative Equity And Need To Sell, What Are Your Options?
Selling a property in negative equity and settling the shortfall (remaining balance), has several names, including an 'Informal Settlement', 'Debt Write Off' or 'Full and Final Settlement.'
If you feel stuck with a property you no longer want, or if you have a rental property that no longer makes financial sense, then this approach has many benefits.
Landlord Debt Advisory is the market leader with this type of innovative debt solution. We have negotiated on behalf of hundreds of our clients, resulting in millions of pounds of debt being written off.
Up to April 2018, we have completed:· Cases Settled 281
· 361 property sales
· Over £21,334,507 million in debt written off for our clients
· Average debt write off £75,923
· Average fee for a settlement £4,300, which includes £300 case review fee
The level of debt written off will depend on your overall financial circumstance and the lender which holds your mortgage.The team at Landlord Debt Advisory include finance, banking and insolvency professionals with decades of experience. We are the best placed in this industry to review your situation and to recommend a plan of action for the way forward.How Can We Help You Now?Sale And Settlement - We have successfully negotiated 100s of cases, whereby our clients’ properties were sold and an affordable debt settlement was agreed. Does this sound like something you need to find out about? Call 0161 222 4311 or fill in the form for a call-back.