Divorced, Stuck With Property Debt?
Finding yourself in a situation where you have divorced or separated, and are left with property debt, can be extremely tough. A Separation can be challenging enough, never mind having to sell a house with an ex partner.
The market can be turbulent and you may find that your home is worth considerably less than when you first bought it. If you want to sell in a hurry then you may have to sell at a loss.
What we can do for you
Our team of experienced advisers have helped hundreds of couples to manage their property debt by negotiating debt write-offs for properties stuck in negative equity.
Here are some of the people we have helped already with their property debt nightmare.
“In July 2013 I approached Negative Equity NI in relation to resolving the negative equity issue with my property. The outstanding balance on my mortgage with the lender was £145,000, but at the time the property was valued in the region of £29,000. After speaking with Negative Equity NI’s Director Tom, I was given a clear route to take in order to resolve any issues with the lender. Negative Equity NI negotiated an excellent settlement with my lender which would mean I would part with the property through a short-fall sale. By settling with the lender in this way meant that I could sell the property for the £29,000 market price whilst on top agreeing a single lump sum fee of £11,500 to complete the short fall sale. This was accepted by the lender and I have since settled with them. I felt that the experienced advice and hard work put in by Negative Equity NI was second to none and I would strongly recommend them in future. Since I have settled with the lender a weight has been taken off my shoulders and I feel that I can move on with my life and put this firmly behind me.”
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