worried-about-negative-equity
worried-about-negative-equity

Worried About Negative Equity?

Worried About Negative Equity?

Negative Equity is only a problem if you a) need to move house /sell your property or b) are worried about affording to pay the full mortgage back in time.

At Negative Equity UK we understand these concerns well. We’ve spent the past 7 years sitting with clients, listening to their issues and providing advice and assurance where we can.

But as well as advice and assurance we can also help in a practical way – if any of these situations sounds familiar then give us a call. We’re here to listen and to help.

Need to move; sell –

Maybe its for a practical reason like you’ve outgrown your home, maybe in a rental property that is losing money or the mortgage term is running out. Our clients always have a legitimate reason for needing to deal with the negative equity mortgage. And this is how we can help:

Negative Equity UK negotiate with all UK lenders on your behalf, putting your story forward in a compelling way to secure a sale of your property and address any left-over debt (negative equity). There are a number of ways this can be done but the principles are; the reasons must be genuine, the repayment/settlement must be affordable. With this type of negotiation we’ve already achieved over £70,000,000 of unaffordable debt written off for our clients.

Don’t want to move. Worried bout repaying the mortgage in full –

We’ve spoken to 1000s of people who have an interest only mortgage on their home, are in negative equity and are really worried about being able to repay the debt. Unfortunately banks don’t write off debt in this situation however we’ve successfully negotiated new deals with lenders, often reducing the interest rate, converting some or all of the mortgage onto repayment, and amending the term to fit our clients’ affordability.

With either of the above situations the first step is a “Case Review”.  Here we look into your mortgage, complete affordability checks, and look at how best you can present yourself to your lender should you choose to do so. We’ll recommend the best way of dealing with the problem based on your individual circumstances.

After the case review has been carried out you will receive a list of our recommended options specific to you.  In some cases a mortgage was mis-sold and our clients’ are entitled to redress (compensation); we’ll refer you to the appropriate solicitor to process this type of claim if applicable.

What Negative Equity Solutions are available?

  • Mortgage Mis-selling complaint
  • Mortgage re-negotiation
  • Negative Equity Settlement
  • Property Debt IVA
  • Bankruptcy

What is the next step?

Negative Equity UK (part of the CD Fairfield group) is authorised and regulated by the FCA to review, advise and represent UK property owners in relation to mortgage debt. We have completed over 3000 case reviews, advising homeowners and landlords from every walk of life. Why not tap into our experience today and see how we can help you? Call us on 0161 660 4403.

Start getting help TODAY