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Typical Examples
Mr & Mrs B - Stockport - Sale & Rentback
Mr & Mrs B had a £52,000 mortgage on a £140,000 home, with £27,000 in secured loans, £9,800 on credit cards & a £5000 personal loan.
Their monthly payments were £1,707, and they were behind on 5 months of mortgage payments. They had 30 days to pay, and the mortgage company was threatening repossession.
After a full free consultation we advised that a sale & leaseback would be the best solution and we organised all of the paperwork & legal team for them.
After the transaction had gone through (which took 21 days from start to finish), we had arranged for all mortgage arrears to be repaid, plus repaid the full mortgage. We also paid off all of the loans & credit cards and arranged for all legal proceedings to be dropped, and paid ALL legal costs associated with the sale, document preparation & redemption penalties.
Mr & Mrs B were left with zero debts and monthly rent repayments of just £324
for 3 years.
They also had an option to buy back their home in 3 years time at the equivalent of
today's price! (of course, they could extend this for as long as they wanted to after 3 years).
They saved £1,383 per month.
(Click here for more information on our Sale & Rentback
programme)
Mr & Mrs H - Clayton - I.V.A
Solution
Mr & Mrs H. owed £65,000 with monthly repayments of £1,400.
They could not afford to keep up the repayments and were
falling behind. Daily 'phone calls & threats were making
their life a misery.
They contacted us who compiled a detailed fact-find
on their situation, where our I.V.A specialists took
over. They recommended a 5 year I.V.A, and at the end Mr
& Mrs H would owe nothing. Also the monthly payments
would be significantly lower.
After the I.V.A was accepted their monthly payments
dropped to £320 per month for 40 months, followed by 20
monthly payments of £455. By remortgaging their house in
Year 4, and bringing in a small portion of the equity,
they were totally debt free (except for the mortgage) in 5
years. They saved £1,080 per month. (Click here for more
information on I.V.A.'s)
Mr E - Wythenshawe - Re-Mortgage
Mr E had a flat worth £95,000, with a £42,000
mortgage on it, and repayments were £311. He also had
debts on credit cards & loans totalling £19,000, and
total monthly repayments on these debts were £850 per
month.
After calling us, we sourced a new mortgage which
would repay the debts in full. The new loan was for
£65,000, which cleared all of Mr E's debts, plus his
mortgage, plus left him with £4,000 cash, and the
monthly payments were £298 fixed for 3 years. (After 3
years, we suggested that Mr E might switch onto a
repayment mortgage and resume repaying the principle).
He saved £552 per month. (Click here for more
information on remortgages & loans)
What would you like to do now? Choose from the
following list.
Remember - we never charge you a fee
- we make our money from your successful solution.
*We will pay you £200 in cash
if can't provide you with a viable solution within 30
days.
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Want a private, virtual
consultation?
You can use our online advisory
service to discuss all of your
financial concerns and an
advisor will reply via email
with practical, honest & free
advice. You don't even need to
give your full name!
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Testimonials
"I was really
panicking, but you showed me
that I had more options than I
thought."
C.J., Leeds
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 Reg. at Office of Fair Trading
No. 597587 |
