If you’re in property debt, you need to know those advising you and working on your behalf are experienced, knowledgeable, reliable, trustworthy and sympathetic when it comes to dealing with property debt.In other words, people who, by virtue of having each of those qualities, are able to meet your needs by delivering the outcome you require. That is true of individuals, companies and corporate groups alike.Not surprisingly, the demands for such people’s services are considerable. After all, debt in the UK is a massive problem. Indeed, as per the BBC (January 8, 2016) the proportion of household debt has reached its highest point for five years.
Quoting from the findings of a TUC survey, the BBC reported that in the third quarter of 2015, on average UK homes owed 26.5% of their annual income on loans and credit cards. That is the highest rate since 2008.Frighteningly, these figures – which are based on data from the Office of National Statistics – do not even include mortgages. What this means is that the average amount of unsecured property debt owed by UK households is just under £12,000.
While property debt was proportionately greater in 2008, when it reached more than 30% of household income, in terms of the actual amount of money owed that £11,800 average is now at the highest point ever.Factor in concerns over the continuing problem of negative equity in the Northern Ireland property market and the picture becomes even more depressing. Property debt, then, is a major worry for tens of thousands of people, many of whom fear they will never be free of it. But however serious your financial problems are, be aware that Negative Equity NI’s staff have dealt successfully with worse.
Re-read the opening lines of this article experienced, knowledgeable, reliable, trustworthy and sympathetic’. And to those adjectives add the noun experts’.
Experts whose role is to untangle the mess, sort things out between you and your lenders and negotiate with them on your behalf to arrive at a solution to the problem. Encouraged by that? You should be, particularly upon learning who these problem-solvers are.
Meet Negative Equity NI’s business development manager John McMaster, client case manager Natasha McGurk and case administrator Adele Strain.Between them they have decades of know-how in the field of debt resolution. In that time each of them has built a reputation for integrity which manifests itself in genuine concern for their clients’ well-being and a determination to achieve positive results for them.
John is a doyen of the Northern Ireland banking industry who is well-known, trusted and respected as a result of just short of 40 years with the Northern (now Danske) Bank under his belt. Having been head-hunted, his recruitment was a major coup for Negative Equity NI. By virtue of his vast knowledge, his overall standing and the regard in which he is held in banking circles, he was the obvious choice to front Negative Equity NI’s growing portfolio of business-to-business projects.
John is entrusted with strengthening business relationships as well as promoting Negative Equity NI’s status as a reliable, results-orientated debt-expert partner by those in the financial, accountancy and legal spheres, both locally and across the Irish Sea. He has proved to be the perfect choice for that role. Armed with unrivalled experience in banking at the personal, retail and corporate levels, his remit includes expansion of those various partnerships and on-going business development.If you have a problem with debt, he is the man who can help you solve it. His co-players on the Negative Equity NI team tick all the boxes, too.
Like John, client case manager Natasha arrived with a wealth of banking knowledge, specifically of mortgages and mortgage-related products in her case. Her CV includes eight years with HSBC Bank plc where her roles included that of mortgage manager. Following that she spent three years as HSBC’s regional trainer.Her qualifications confirm her understanding of money and the ways of the world with regard to it, witness a degree in Social Policy followed by a postgraduate diploma (Level 4) from the Chartered Management Institute plus a CertRBCB from the Institute of Financial Services.
That combination of knowledge/experience makes her a key player in the Negative Equity NI team, with her ability to find exactly the right strategy and solution for each individual client.In her own words: In dealing with debt there can’t be a one-size-fits-all approach. Every case is different so the strategy in dealing with it has to be different, too.The fact that she continues to involve herself in charity work is proof of her commitment to serving others.
In the course of dealing with lenders, her colleague Adele gathers information whilst simultaneously reviewing and managing clients’ case files as part of the debt management and negotiation process.A graduate of the University of Sunderland (BA Hons in TV and Video), she then worked as a volunteer for charities in the course of travelling in south-east Asia, so underlining her interest in people and her concern for them.
If you have debt problems or money worries and the fact that you are reading this article would suggest that must be the case you need help. That’s where John, Natasha and Adele come into their own. Contact them now.
How is home equity calculated?
Home equity is calculated by subtracting the amount you still owe on your mortgage from the current market value of your home.
Can you have negative equity?
Yes. With standard loans, your home equity will increase over time. With negative-amortizing loans — a loan with monthly payments less than the interest rates — your equity decreases over time as your owed balance increases.