Negative Equity NI

[Quarterback]

Im looking for some advice or someone who had dealt with a company in Belfast Negative Equity NI

Basically my situation is this.  I have a house jointly owned with a friend which is in Negative Equity. Mortgage @ 130k value @ £80k - £100k so we went for a meeting with these guys in Belfast to see what my options where.  They have proposed that that we make an Informal Settlement with the bank.  Basically we instruct them to sell the house, and then they negotiate an informal settlement with the bank.  So instead of paying back the 30 - 50k  difference it would be between 6K and 10K.

I am however very sceptical off these guys because normally if something is too good to be true - it normally is. I currently have a home in my own name where my family are living and my friend has the same setup.

The other option which I probably will go through with is selling it an making up the difference ourselves.

Just looking to get some info on these guys..     

[Rois]

I'll PM you.  My sis in law started to use them but got a settlement in another way.