BMV + Full & Final Settlement

Here is another solution you could offer your client when you make a purchase on their property.

If the deal stacks up, you make an offer to purchase the property at a set figure. In some scenarios there is also a sum of money that the vendor may get out of the deal too.

What if the vendor though still has outstanding unsecured debts that need to be paid off? Well this is where the Full & Final Settlement could help out!

As and example you have purchased the property and the vendor out of the deal gets a  lump sum of say, £10,000 – However the vendors unsecured debts are at about £20,000?

Solution: instead of giving them the £10,000, why not offer to use this to settle their £20,000 debt with a Full & Final Settlement?

So you are buying their property, making them debt free and also ensuring that your rent has a better chance of being paid every month!!

Take a look at Full & Final Settlements for some past settlements.