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Posted: Thu Nov 22, 2007 3:50 pm
by Welsh Boy
Can anyone help me with any information about what this is. Thanks Tony
F.P.C. 1,2,3 Qualified
Financial Planning Certificate
CeMap Qualified
Whole of Market Mortgage Broker
Managing Director : Debt Advisory Bureau
Principal : All Mortgage Products
www.debtadvisorybureau.co.uk
www.allmortgageproducts.co.uk
Directly Authorised with FSA :304244
Posted: Thu Nov 22, 2007 4:25 pm
by Adam Davies
Hi Tony
There appears to be a few of these companies about.These are Manchester based and I think they can help you if you have been made bankrupt BUT have sufficient equity in your property to pay all your unsecured debts off.It must be targeted at people who have basically had their head buried in the sand.
Regards
Andy Davie
IVA.co.uk Spokesperson
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Posted: Thu Nov 22, 2007 4:29 pm
by Welsh Boy
Thank you Andy.
F.P.C. 1,2,3 Qualified
Financial Planning Certificate
CeMap Qualified
Whole of Market Mortgage Broker
Managing Director : Debt Advisory Bureau
Principal : All Mortgage Products
www.debtadvisorybureau.co.uk
www.allmortgageproducts.co.uk
Directly Authorised with FSA :304244
Posted: Thu Nov 22, 2007 4:32 pm
by JulianSampson
I come across them on a weekly basis- very aggressive but successful bunch. Will be happy to answer any questions you have on them Tony
Kind regards
Julian Sampson
Solicitor
Wright & Wright LLP
www.wrightandwright.com
See my article in Clean Slate magazine
Posted: Thu Nov 22, 2007 4:46 pm
by Adam Davies
Hi Julian
Am I correct in saying that they can only help if you have sufficient equity/money to repay ALL your unsecured debts ?
Andy Davie
IVA.co.uk Spokesperson
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Posted: Thu Nov 22, 2007 4:49 pm
by JulianSampson
Essentially, yes. Its the classic annulment scenario using a bridge and immediate remortgage so the latter (especially in the current climate) requires a good LTV
Kind regards
Julian Sampson
Solicitor
Wright & Wright LLP
www.wrightandwright.com
See my article in Clean Slate magazine
Posted: Thu Nov 22, 2007 5:16 pm
by Welsh Boy
Julian
How do they make money, I don`t understand it,they tried explaining it to me but it just didn`t sink in, sorry to sound a bit thick. Tony
F.P.C. 1,2,3 Qualified
Financial Planning Certificate
CeMap Qualified
Whole of Market Mortgage Broker
Managing Director : Debt Advisory Bureau
Principal : All Mortgage Products
www.debtadvisorybureau.co.uk
www.allmortgageproducts.co.uk
Directly Authorised with FSA :304244
Posted: Thu Nov 22, 2007 5:20 pm
by JulianSampson
No problems! I expect its on the bridge....
Kind regards
Julian Sampson
Solicitor
Wright & Wright LLP
www.wrightandwright.com
See my article in Clean Slate magazine