Case Resolved - Landlord With 3 Properties - £284,000 Negative Equity

Case Resolved - Landlord With 3 Properties Totalling 284,000 pounds In Negative Equity

  • Case Resolved - Landlord With 3 Properties Totalling 284,000 pounds In Negative Equity

    The Problem: Three Buy-To-Let Properties In Negative Equity

    This client, who wished to remain anonymous, had numerous buy-to-let properties in various locations and approached Landlord Debt Advisory regarding three of the buy-to-let properties he had bought at the height of the market in 2007 at the cost of almost £560,000. When he came to us, the properties had fallen drastically and were only worth £276,000, leaving him with a rather substantial negative equity value of £284,000. Even though all three properties had long-term tenants, he was still losing money every month.

    The Solution

    The client approached the Landlord Debt Advisory team asking if we could help. We successfully negotiated the sale of all three properties. Landlord Debt Advisory also contacted the lender, and we successfully negotiated an exceptional deal whereby our client paid a settlement of £28,000 to the lender, achieving a total debt write-off for the sum of £254,000.

    If you are one of many landlords in the UK trapped in a property that’s in negative equity, we can help you too! 

    We have helped 100’s of landlords around the UK deal with negative equity and property debt issues. Our expertise, experience and relationships with banks are second to none, and the FCA and CARB regulate us, that’s why you can trust us to help you.

    This article was posted in Case Resolved

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