To summarize, if you’re facing any sort of issue with LPA receivers, we are here to help.
In fact, we also can write of negative equity debt. We’ve got the ability to put people into an IVA and then negotiate the debt for them and get all their debts written off altogether. So we’ve got that in our panel of solutions available to help you. If you’re looking for a second charge, you need it within 48 hours; we can help you to do that. So the list is endless and the type of work we can do to try and help you across many, many areas of business. Our unique strengths is with the Law of Property Act 1925, where it’s been applied in a way that the banks to literally just take properties over to spruce up their books. So if you need any help in that area, we are the leading experts in that to take you to a different level.
We will give you a bit more insight now on Bridging Finance and how it works. So typically speaking, you have usually 3 different types of clients who require bridging lending:
- Where you’ve got extremely poor credentials, you’ve got no job, no income, maybe bankruptcy issue you had in the past, or etc.
- You get clients who
- So the other one is vanilla clients which mean that you have strong credentials, low loan to value on your portfolio, etc.
The most important thing is that the client has got equity from an asset they own. Then we’ve got the potential of saving it. This is because a lot of our lenders tend to lend to distress clients and they will ignore the level of debt. The rates tend to be a bit higher.
Whereas on the vendor side, the rates can be typically around 0.5-0.75, because if you’ve got really clean credentials, they love lending to you at a cheaper rate because they know they’re going to get their money back and they’ve got a big portfolio so they don’t need much security.
Whereas on the more adverse side, they like to take as much security as possible to cover them just in case, you know, the vendor does something untoward. So it’s so what we do is very comprehensive. We have lenders anything from this side to that side. So hope that’s actually covered all the points around the Law of Property Act 1925, being a homeowner and being repossessed. And also, if you’re a buyer, you want to be buying ourselves, giving you the insight of the type of work we do. So this is the typical work I do day in, day out. We do about 50 cases a month, so we’re always busy.
So hopefully this has been very useful and detailed enough video to give you a comprehensive overview what we can do likewise, anybody out there who’s facing any sort of issues with the litigation or finance or anything we are the leading experts in the market.
So there we go. Lakhi Singh the Property fixer here to help you to take your portfolio to the next level. So do get in touch. And if you want to find out more, you can go to www.rescuemyproperties.co.uk or you can DM me on any of my profiles on LinkedIn on Facebook on the alternative property Possess Solutions community group so Tom and the resources for you and I’m always happy to help. Just love to help people to help you grow, help you deal with any problems. So the love is there.
