how we can help
you own a buy to let property that has become unaffordable
Every week we receive enquiries from owners of Buy-to-Let properties which are unaffordable.
your interest only mortgage has reached the end of its term
Around forty percent of all mortgages in Northern Ireland have been arranged on an interest only basis, many with no means of repaying the loan.
you’ve sold a property and are left with a shortfall debt
Many borrowers have already sold a property, or had one repossessed and sold by their lender. This creates a residual debt, which can be substantial. Without a proper solution, this debt can become a lifelong liability.
you need to deal with a property following divorce
Borrowers often find themselves tied to a joint financial commitment, which prevents them from reaching any form of settlement.
All effective solutions start with a comprehensive analysis of the problem, which is why we need to get to know you and have a complete understanding of your situation. Whether this requires legal or insolvency expertise, our partners have the knowledge and experience necessary. Initial consultations are free and you are under no obligation to use any services provided by ourselves or our partners. We can arrange interviews at our offices or in your home and can assure you of complete discretion and confidentiality at all times. If you prefer, we can involve your accountant, solicitor, or other adviser, either from outset or at any point in the consultation process. Our aim is to provide full and final settlement solutions for all our clients, with a negotiated settlement providing closure for borrowers and lenders. This may involve informal arrangements, or it may mean formal proposals for debt management. Solutions vary widely, but our aim is to ensure that all our clients are in a position to make informed choices based on professional advice
Northern Ireland homes in Negative Equity
Mortgages arranged on an "interest only" basis
Success rate in providing debt solutions
Average reduction in debt
The boom in consumer borrowing across Britain has eased to the slowest growth rate in nearly three years, according to official figures. The Bank of England said unsecured consumer credit grew by 8.5% in July, down from 8.8% a month earlier. Although still more than double the rate of […] Click here to view original Read more about UK consumer loans in July dip to slowest growth in three years[…]
Many people are making affordability complaints about payday loans , asking the lender to refund interest. Most lenders are refusing to look at any refunds for payday loans that were taken out more than six years ago, saying the Financial Ombudsman Service (FOS) will not consider these cases. But […] Click here to view original Read more about Ombudsman will look at payday loans over 6 years old[…]
Christmas? Already? Yup. You might want to enjoy what’s left of the summer, but with just over 100 days until Christmas Day it’s actually the perfect opportunity to make sure you’ll come out of the celebrations without a financial hangover. Research for the Money Advice Service showed more than […] Click here to view original Read more about Countdown to Christmas starts now. Are you ready?[…]
One in six people struggle to cope with the money they owe, meaning they have what’s called problem debt, according to new Money Advice Service research. Over-indebted individuals are defined as people that say they find keeping up with their bills and credit commitments a ‘heavy burden’, or that […] Click here to view original Read more about Are you one of the 8.3 million adults with problem debt?[…]
Recently, the new Head of the Business Select Committee, Rachel Reeves MP, an economist who worked at HBOS during the 2008 financial crisis, said debt problems similar to those in the run up to the financial crisis are ‘rearing their heads’. This follows a number of warnings on […] Click here to view original web Read more about Could the Debt Crisis be leading us to a new financial crisis?[…]
With the taxation of Buy-To-Let properties set to change from April, perhaps it’s worth reviewing this article from PKF-FPM Senior Tax Director Paddy Harty.
Whether you’re buying a new business premises, picking up a buy-to-let property or just moving house, you’ll need to know about Stamp Duty Land Tax (SDLT). SDLT can seem a bit complex and the rules and rates have undergone some changes recently, so we’ll guide you through it here. Whether you’re buying a new business Read more about Stamp duty and land tax (SDLT) guide[…]