| Overview

It’s not surprising then that—even though today around 44% of homeowners across the UK find themselves in negative equity—very few people know what to do about it.

The situation is even more understandable when you factor in all the bad advice that many people were given back then too, “Yes you can borrow more money against your house, prices may level out, but they certainly won’t fall”. The ‘famous last words’ of many a lender and mortgage broker before the crash.

It’s no wonder then that lots of purchasers who took that advice through no fault of their own (or bought at the top of the market) now owe the bank much more than what their home is worth. And with so much misunderstanding of negative equity and mistrust of the lenders who put homeowners like you in this position, it’s also not surprising that people make mistakes when it comes to putting things right.

These are the Top 7 reasons we hear every day from our clients about why they put off dealing with their negative equity problem—don’t make the same ones!

| 1. Thinking you can’t do anything at all

There is a solution to almost every problem. That’s how we came up with the idea for Negative Equity UK. We saw that people were trapped by negative equity and we also knew that the banks would struggle to deal with the issue. So, we put together a highly-qualified team of banking and debt experts and devised an ethical, regulated solution that would be in the interests of both the homeowner and the lender. Our confident, positive, can do approach gets £100,000’s of negative equity written-off every day for homeowners like you across the UK.

| 2. Sitting tight until prices go back up

Depending on your level of negative equity, you could be waiting a very long time. Those with negative equity of a few thousand pounds might begin to break even over the next few years. Those with negative equity in the tens or hundreds of thousands will have significantly longer to wait. At their peak in mid-2007 house prices were unsustainable and are unlikely to hit those levels again any time soon, perhaps not even in our lifetimes.

| 3. Struggling pay that self-certified or interest only mortgage

If you’re in negative equity and have a self-certified interest only mortgage, spending most of your income to meet the repayments may be like throwing good money after bad. The negative equity gives us strong leverage to negotiate a write-off with your bank. Being self-certified also may bring in issues of affordability, while at the end of an interest only mortgage term, you’re still going to owe the original sum of capital borrowed. How much will that really all cost you?

| 4. Ignoring the situation

You can stick your head in the sand and hope it all goes away. Which would be great if life worked like that, unfortunately it doesn’t. This strategy can become a real problem—especially if you get into arrears¬—the bank will quickly start sending letters and threaten court action. Even if you do reply and try to put a case to them that would justify a claim for your mortgage having been mis-sold or being eligible for a write-off, it’s unlikely they’ll listen to you. They do, however, listen to us.

| 5. Putting your life on hold

Being trapped in negative equity is much more than a financial problem. It can affect your whole life and that of your family. Say you want to get married for example but can’t buy a family home because one or both of you already have a property that’s in negative equity. Say you’d love to have more kids but don’t have enough bedrooms and can’t sell up because you’d lose a fortune? Say you’ve just retired and want to downsize but the negative equity would eat up all your savings? Life’s too short to be held to ransom by the highs and lows of the property market.

| 6. Carrying around mortgage debt

So, you managed to offload the house, but the lender still wants the balance of what they’re owed after a shortfall sale. You probably now have rent to pay and moving costs plus still service your mortgage. Continuing to pay for something you no longer own makes no sense at all. We can negotiate with your bank to write-off up to 95% of the shortfall, and have successfully done so for hundreds of homeowners across the UK.

| 7. Not getting professional help

This is a biggie we hear from people. People think that our service offering is too good to be true. But, the proof’s in pudding. We achieved an average write-off of over £75,000 per client in 2017, and we don’t take on a case unless we are 100% sure we can achieve the outcome our client wants and needs.

Contact us today for a free initial consultation.

| How we’ve helped previous clients

We’ve helped hundreds of families move on from negative equity and mortgage debt, and we genuinely want to achieve the best possible outcome for every client we work with. That’s why 99% of those who have reviewed our services at reviews.co.uk would recommend Negative Equity UK to others. Here is an independently verified review from a recent customer.

“We had an interest only mortgage of £170,000 which we took out in 2007. The property market then crashed soon after and our home was then only worth £100,000. The lender would not negotiate a new deal with us, as we were in negative equity, and we were basically stuck even though we were both in well paid employment. Our family had grown, and our house was now too small for our needs. In 2015 we approached Negative Equity and they helped us throughout the entire process. They dealt with our lender and sorted out all the legal aspects for us. They were always there for us to ease our worries and answer our endless questions. Two years later we have since sold our house, at a loss, but the debt has been written off. We are now renting a lovely house in the country and free of the debt caused by the property crash. None of this would have been possible without the help of Negative Equity UK. Thank you.”

Start getting help TODAY