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Testimonials
“We are extremely satisfied with the level of service and professionalism combined with a friendly attitude of all the staff we spoke to, and would like to thank everyone at Harrington Brooks very much.”
Mr and Mrs B, Liverpool
“We were really pleased with the efficient way that Harrington Brooks handled our enquiry and by the speed in which our mortgage was finalised.”
Mr and Mrs S, Birmingham
“I found the staff at Harrington Brooks were all very polite, helpful and understanding. I couldn’t fault the level of service we received from start to finish.”
Mr J, Warrington
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Raising a Lump-Sum
There are many different ways that a lump-sum amount could be raised for your full and final settlement;
- Savings
- Remortgaging your home
- A secured loan
- An Equity release scheme
- Unsecured loan
- Third-party donation from your friends or family
- Selling assets, such as your car or antiques.
- Redundancy
- Convert shares/bonds or other investments such as pensions.
Which ever method may be appropriate for you to raise funds for a full and final settlement, before you take out a further loan or sell assets or investments always seek expert professional advice.
A Full and Final Settlement Offer will only be a suitable strategy if you have access to a large amount of capital, or if you have assets (such as property, antiques, works of art, investments, etc) that you are prepared to sell in order to raise the required amount of money to make an offer to your creditors.
You may have access to a lump sum due to a recent windfall, or have some savings you could use. You may even have a generous friend or relative who is willing to contribute a lump sum in order to help you deal with your debts.
If you are intending to sell any assets in order to raise capital, it is important that you only sell items that are not 'essential'. For example, if you need a car for work or because you live in a rural area with poor public transport, it is not advisable to sell it. Likewise, certain household items (such as cookers, fridges, beds, furniture, etc) are essential for maintaining a healthy standard of living.
We advise you seek expert financial advice before you decide to sell anything if you are intending to sell any investments, endowments or insurance policies. A professional debt adviser may be able to provide you with an alternative strategy for dealing with your debts
