
Example 2
Debt Reduction & Rent Back
Brian & Cindy owned a 3 bed property in Newport worth £135,000
Mortgage amount was £80,000
Unsecured loans were £20,000
Credit card debts were £18,000
Total Debts were £118,000
Total monthly payments were £1,600
We negotiate with the various lenders and settled the mortgage for £78,000, Unsecured loans for £10,000 and credit card debts for £9,000
Total debts reduced to £97,000
New monthly rent payment £620 - saving £980 per month
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