In the present lending climate, Mrs. D cannot borrow to replace existing debts as
the Loan To Value is too high.Conclusion;
We renegotiated payments with Mrs. D's unsecured lenders which reduced her
monthly payments and released money to pay for her priority mortgage debts.
The second charge lender was happy to renegotiate their terms knowing that
Mrs. D. had achieved satisfactory negotiations with other lenders.
This new arrangement will be reviewed monthly to
make sure Mrs. D is kept on track.
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