whilst we are on the subject of debt negotiation,I have several vendors desparate to do deals where there is very little equity in it,that is to say,for a bmv deal to happen,the mortgage would have to 'shrink'.
Given that there are no arrears,although there could soon be,is there any scope for negotiating the mortggae down,and maybe having an agreement which states,the remainder of the balance may be paid off over the next 5 years etc,or paid off via another loan? Given that lenders want full and final settlement,how likely is this?
Has anyone ever successfully done it? Or is it a pipe dream?
slow horses,fast women and the drink will ruin every man'