Do you own a property or an investment property portfolio in Negative Equity? We are here to help.
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.
Whilst there are still many property investors that have property debt as a direct result of the property crash, it is quite evident now that the repercussions of the ongoing Covid-19 Pandemic will be the major concern for most property investors over the months and years ahead. We know that many property investors rely on rent as their main income and there is growing uncertainty of how much longer properties will stay vacant or tenants not being able to afford the full rent due to furlough and redundancies.
Therefore, If you are worried about servicing a negative equity portfolio that seems impossible to sustain then contact us today and we will work with you on a solution.
GDP Partnership is recognised as the leading company in this area across the UK and Ireland. Eleven years later we are still going strong, helping people save their homes, their businesses and more importantly their lives.
We always advocate that the first step when dealing with debt is to ask for help as well as these remaining steps in order to Break Free from Negative Equity:
1. Ask for Help
2. Engage with a firm of regulated debt advisors
3. Full disclosure of all financial information
4. Production of a plan
5. All parties commit to your plan
6. Advisor puts your plan to creditors
7. Full and final settlement reached
Here is a snapshot of one our most recent success stories ;
GDP mediation results in £62,039.20 of a Negative Equity Debt Write Down
Creditor: Leading U.K Mortgage Provider owed £67,239
Proposed Solution: Full and final settlement proposal
GDP Mediated Settlement: Creditor accepted £5,200 (equating to 7.7p in the £)
Settled: February 2021