Negative equity happens when something is worth less than the finance (mortgage or loan) taken out to purchase it originally. It is a common problem after the housing market crashed in 2008 but as the housing market has never recovered to the 2008 levels hundreds of thousands of people still find themselves still in negative equity.
While your home is in negative equity you will find it difficult to borrow money against the property and will also struggle to sell the property in order to move to a new or bigger home. At Negative Equity UK with over 20 years of experience in the property and financial sectors they have helped over 750 clients achieve a mortgage write down through negotiating with your mortgage provider. Their average write off is over £75,000.
Negative Equity UK (part of the CD Fairfield Capital Group) are one of the highest rated debt management companies with a 90% NPS score and 4.88/5 stars on the independent reviews.co.uk website. As one of the only property debt companies in the UK which are authorised and regulated by the FCA to offer the full range of options available to get you out of your negative equity situation.
There are options available to you if you are looking to refinance your home even if it is in negative equity. Speak to us today on 0161 660 4403 to see how we can help you. We can even look into whether you were mis sold your mortgage.
If you are in a negative equity situation and looking to find out your options have a no obligation and confidential chat today on 0161 660 4403. You can also read some of the case studies and amounts of debt write off’s we have achieved for a selection of our customers.