The price of houses in the mid-2000s grew at such an inflationary rate that they were never going to be sustainable. It was a matter of when’ rather than if’ the bubble burst.
In 2008, it didn’t so much burst as implode. And the resultant damage sucked tens of thousands of innocent people into a fiscal black hole from which they fear they cannot escape. But we have good news for them they can!
There are solutions to negative equity. You can GET OUT of negative equity here in Northern Ireland.
So, just how do you come out of negative equity intact? Basically, there are two options renegotiate your mortgage or sell.
Sell? How can you hope sell a property that is £50,000, £75,000 or £100,000-plus in negative equity? Isn’t that simply impossible? Calm down; proven, real-life negative equity HELP IS available.
Negative Equity Northern Ireland’s primary goal is to write off the maximum amount of debt on your property. To that end they have a team and a business ethos built around their customers.Their staff have years of experience in banking, property and finance. They understand how lenders think, how they operate and, crucially, what they will and won’t – accept.Whatever your problem, experience has taught the NENI team that it probably is not insolvable. Almost certainly they can help you negotiate a positive future.
Contrary to what you may believe, almost certainly your problem is not unique; rest assured that NENI will have helped others just like you to reassess, renegotiate, rebuild and recover.
Okay, you say but what about my negative equity mortgage? Surely there is no way out of that mess? Well, actually there is. Beginning to feel a little better now? Good.
If you are serious about laying new foundations, let’s call a spade a spade; with virtually no exceptions lenders will expect the property to be sold in order to resolve/settle the debt. Here NENI have a record second to none.Upon learning that, a second question invariably arises. It is this; after selling a property in negative equity, is it possible to settle the remainder of the debt and buy another property?The answer is yes, though exactly how quickly this can be done will depend on your lender, their attitude towards your circumstances regarding credit rating, deposit funds, exposure to other debt and income. Here, too, NENI can help and advise you start afresh.
But don’t take our word for it; see what others have to say based on their experience of inviting NENI to solve problems they had feared were beyond resolution.
Below are a few real-life examples of people just like you who needed help and found it. They, too, feared their particular difficulties were insurmountable. They, too, thought there was no future. They, too, believed they were beyond help because on-one else had a problem quite like the one they faced.
Wrong, wrong, wrong.
The following are three true stories, though the names and addresses of the clients NENI have been able to help have been withheld. Their tales reflect the realities not only of what can go wrong, but, more importantly, how it can be put right.