Negative equity is a problem. It is a type of property debt which must be addressed.
And, for the foreseeable future, your home will be worth less than the money you owe on it.
Tens of thousands of home owners in Northern Ireland know the anxiety that negative equity-related property debt provokes. The worry, the strain, the sleepless nights, the inability to think clearly or create space for thoughts on any other subject.
However, things may not be as bad or as bleak as suggested…..
There has been a huge increase in public awareness of the problem.
This, in turn, has given rise to attempts to come up with solutions. Some are borne of altruistic idealism and a genuine desire to be our brothers’ keepers, others are motivated by nothing more than the determination of lenders to safeguard their capital venture and associated profit projections by recouping as much of their now under threat investment as possible. The good news is that there is now help, support, advice, encouragement and guidance where little or none previously existed.
Negative Equity NI are providing solutions for insolvency issues, with borrowers and lenders alike surviving intact. Win-win rather than lose-lose is a positive outcome few could have envisaged until very recently.
Our team is made up of an in-house insolvency department. We boast a team of banking, mortgage and financial services providers with a total career spanning over many decades of experience. We’re unlike every other organisation as we offer the full suite of financial services under one roof. We provide property debt solutions for customers with a variety of debt problems.
If you’re worried about your unaffordable mortgage or if your buy-to-let investments aren’t performing as you’d hoped, get in touch immediately and speak to a property debt expert.
Let us take the strain!