A lady came to us with a property in significant negative equity with a leading UK Bank. This property had a mortgage balance outstanding totaling £133,052. The property had a value of £52,000, leaving her in a significant negative equity position totaling approximately £81,052.Read More
Recent analysis figures have suggested that the onset of Brexit could intensify the serious problems already faced by the N.I economy and other regions such as the North East and North West of England.
It has been forecast that the economic gaps will only continue to widen in these regions, which subsequently could have a serious impact on already financially vulnerable households. These economies are already struggling with average earnings currently 6% below the national average therefore the onset of Brexit will only serve to weaken these economies further.Read More
Even though it is now over ten years since the global financial crisis and property crash, many people across both the U.K and Ireland continue to struggle with over 600,000 homes still in negative equity.
In our experience, debt has been an enormous source of anxiety and stress, with many people feeling like they will never be free of their financial burdens, and on many occasions this can manifest itself in illness for those involved.Read More
Benjamin Franklin was a Founding Father and a polymath, inventor, scientist, printer, politician, freemason and diplomat. In 1776, he was part of the five-member committee that helped draft the Declaration of Independence, in which the 13 American colonies declared their freedom from British rule.
Franklin is remembered in many ways and famous for many quotes, but one that keeps coming into my mind would be;
“Well done is better than well said”Read More
Over the last number of months, our office has received an increase in the number of clients who have contacted us in a state of stress and panic as they have received that dreaded letter advising their Mortgage term has expired. The lender is now requesting the balance in full and they don’t know what to do.Read More
It has recently been reported in the media that the housing market outlook over the next three months is the most downbeat reading since records started in October 1998. This pessimism is blamed on the lack of clarity around Brexit. A recent UK Market Residential Survey from The Royal Institution of Chartered Surveyors' reported subdued activity in almost all areas of the UK was mainly driven by Brexit uncertainty.Read More
The Oxford Dictionary defines “mediation” as an intervention in a dispute in order to resolve it.
It is a simple enough explanation that does little to describe the process or the skill involved especially when it comes to mediation in financial affairs and property debt.
In 2011, GDP Partnership was established to offer a mediation service for those people who found themselves in serious trouble with banks and financial institutions over property debt.
We are now into 2019 and the global financial crisis that began in 2007 continues to wreak havoc among homeowners and businesses across both the UK and Ireland with no end in sight.Read More
A married couple came to us with an Investment property in significant negative equity with a leading UK Bank. This property had a mortgage outstanding of £62,617.14. However, the property only had a nominal value of £15,000, leaving them in a significant negative equity position of approximately £47,617.14.Read More