Informal Full & Final
As you will be aware, many clients with equity just simply cannot obtain sensible remortgage offers at the moment. However, this will hopefully change over the next 12 months.
We increasingly are coming across clients who are struggling with a level of debt and have funds wrapped up in properties & pensions which they simply cannot access in the short term.
Debt Management can provide an appropriate solution where we seek to obtain creditors’ agreement to accept an affordable monthly payment and seek creditors’ agreement to freeze interest and charges. Should you be able to raise funding for your client at a later stage, we will liaise with you on the likely sums that creditors will settle at.
Charges to your client
We will charge either:
- 10% of the lump sum payment
- 40% of the total amount of money we save the client
(Whichever is the lowest)
Please click here to see details of our revenue share for Full & Final clients