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Almost 800,000 households could be vulnerable to repossession if they suffered a loss of income says the Social Market Foundation. Analysed official data found that of the 770,000 at risk of repossession, a quarter (26%) worked in retail or manufacturing, sectors badly hit by the pandemic.

Compensation is available from ALL of the major UK Banks including Danske Bank and Ulster Bank.

Has your business been overcharged or incurred unwarranted losses due to a business banking product?

Act now to get the refund and compensation that you are OWED!

If you believe that your business has been overcharged or incurred losses as a direct result of your bank’s actions then you may be entitled to both a refund and compensation.

In 2010, GDP Partnership was brought to the marketplace as a new company that would act on behalf of the borrower only, borrowers who had found themselves in financial distress with their banks as a direct result of the property crash of 2008. The company was born and its mission was simple: TO HELP PEOPLE WHO FOUND THEMSELVES IN FINANCIAL HARDSHIP DUE TO PROPERTY DEBT.

It’s painfully apparent that the risk of not receiving rent during the Covid-19 pandemic is far higher than it was previously. In addition to this, given the widespread economic impact of the pandemic and the higher risk of finding yourself receiving less or even no income then there is no better time than the present to deal with a problematic negative equity property portfolio.

In March 2019, a lady had an initial consultation meeting with us regarding a property that she lived in that was in severe negative equity. The property was valued at £49,950 and the current mortgage outstanding was £112,029. In addition to this, as the lady was a single mother, she found it very difficult to sustain her monthly mortgage payments.

Case Matter:
In June 2020, a gentleman who was now permanently residing abroad contacted our office regarding some legacy debt that he still owed dating back to the property crash of 2008. This debt included mortgage shortfall debt and credit card debt. Over the subsequent years, this debt issue remained unresolved and our client was put under intense pressure by his various creditors regarding repayment of these liabilities which he simply just could not afford.

Case Matter:
In September 2019, a lady had an initial consultation meeting with us regarding a liability in joint names with her ex-husband owed to a Private Equity firm from security that was placed on development land in 2007. As a result of the property crash in 2008, the value of this development land plummeted to well below the sum that was secured on this land. Subsequently, the lender repossessed this land and our clients incurred a shortfall liability totalling £700,749.

Case Matter:
In October 2018, a married couple came to see us with an Investment Property portfolio in the name of their Property Development Company which they had personally guaranteed. The property portfolio had been repossessed by a Private Equity Firm, and subsequently sold over the following 12 months at a loss.