Archive for October, 2016

Client retained all security

Corporate debt settlement – Savings of £1.8m on the shortfall thereafter.

-A Client, whose primary business was in Residential Care, approached our offices seeking advice regarding pursuit by an investment giant for an amount owing of c£4.7m

-His loans had been sold on by the original Banking Institution and our Client feared that he would lose his business entirely.

-Our Client’s profession, by its very nature, was most sensitive and thus there was also the great concern that any Receivership appointment/aggressive action by the subject fund would have noteworthy ramifications on both the residents and their families who were already considered most vulnerable and dependent.

-Re-finance had been pro-actively sought out from alternative lenders with a view to seeking to resolve matters once and for all

-Due to the significant drop in the property market however, our Client could not raise close to enough to settle the debt in full

-After dedicated, detailed and substantiated negotiations, we managed to agree re-finance as well as full & final settlement at a total amount of £2.9m

This meant that our Client retained all that was important, experienced savings of £1.8m and was facilitating a significantly reduced level of debt with an alternative lender whose terms were more than feasible.

Negative Equity In Northern Ireland

Negative Equity In Northern Ireland

We are still as busy as ever unfortunately, although it is really Rewarding helping people relieve themselves from a stressful situation.

Recently we have dealt with a lot of people we had met previously but had decided they would wait and see if the properties would increase in value. We have seen the stats this week indicate property prices are still 40% below the pre-crash peak. People now just want to move on with their lives, so we are finding people returning for help.

Another are of growth we have seen recently is people who have negative equity investment properties in the North of England, unfortunately when things started going crazy in Northern Ireland people hungry for more property decided the north of England was a good place to buy.

Often the investors didn’t do enough research of  the area an consequently have ended up buying in an area that is very run down with little chance of being re-generated. And in some cases their properties will be bought back by the government in a compulsory purchase, which still leaves them in negative equity and needing our help.

The other issue with the North of England is the distance and having to rely on property managers, and we have heard about some horror stories on this front.


With all these cases there is a way out, please get in touch

02895 217 373

[email protected]



11 Rosemary Street, Belfast, Co Antrim BT1 1QF


Who would have thought that 8 years has passed since the Crash and still the world is a mess. Banks continue to tidy up their Accounts and the Central Banks fire billions into the economies but still even with rates at ¼ % in UK the world is stumbling along. Now that’s the macro position of the world but whilst everyone has some interest, obviously everybody is just worried about their own position understandably. For our part we are continuing to add to our client list, as property prices in Northern Ireland and across Europe are stagnant at best and the chance of recovering lost value and indeed in recovering a negative equity position, are in the medium term are next to nil.

As ever help is at hand here at Bell & Company so if anyone has any property debt related issue ANYWHERE IN THE WORLD call Karen on 02895 217 373

Click the link below for some examples of our recent works in Negative Equity cases. A lot of lenders continue to try and resolve the issues and the results speak for themselves.

So if you know anyone under pressure/ feeling trapped or just need a sounding board call Karen now.

Thanks for your time.


Terry Bell


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