One of the main problems with the large number of interest only mortgages awarded in Northern Ireland is that after the ‘property crash’ in 2007/08 a lot of people found themselves in Negative Equity. As the end of these mortgage terms are approaching quickly we have helped hundreds of clients in NI re-negotiate and find new mortgages or achieve large write off’s (average debt write down in 2018 was £75,923) which have allowed our clients to move on completely from their negative equity nightmare.
Negative Equity NI is part of the CD Fairfield Capital Ltd group. The company was started specifically with the purpose of helping clients re-negotiate or re-mortgage their homes even if they are in negative equity. The two co-founders/directors Phil Davison and Tom Cardwell have over 20 years of experience in property and financial industries. We are the only Negative Equity company who are FCA regulated and authorised in the full range of financial options if you find yourself in this situation.
One of the options that we offer is to find you new mortgage deals even if your property is in negative equity. The first stage is to carry out a confidential bespoke case review based on your individual circumstances. The case review will give you a range of options in order to help you get out of your negative equity situation.
With our extensive financial and debt management experience we have access to the widest range of financial products and lenders available in Northern Ireland. With our 96.6% success rate with previous cases and 4.88/5 stars (independently reviewed) we pride ourselves on the customer focused service we provide.
So regardless of the situation such as; having an interest only mortgage and no repayment vehicle, too short a term to afford to repay your mortgage or find yourself stuck on a high variable rate Negative Equity NI will be able to help you.
If you are looking for a remortgage deal even though you are in Negative Equity please call us today on 028 9018 3223. We are based near the SSE Arena in Belfast and you can also arrange a no obligation free appointment to see how we can help you with your negative equity situation.