As well as our many debt recovery service strategies – our pre-legal no collect, no fee model and our litigation services, Sinclair Taylor will also work with you on a ‘bought debt’ basis.
With regards to withdrawn properties, we would be happy to process your withdrawal properties through our initial checking criteria and then feedback to you accounts that we would be interested in purchasing from you.
Generally, this package works on a percentage basis with a percentage sum (based on debt value) being paid to you at the sale and assignment stage. In addition, a further percentage sum would then be shared with you as and when successful recoveries are made.
Our Bought Debt team will be more than happy to discuss any specific requirements that you may have regarding Bought Debt to benefit your business and cash flow.
Did you know that nearly 25% of Estate Agents’ withdrawn instructions go onto sell within 8 months, and of these between 5% – 10% are to buyers originally introduced by them?
We are specialists in recovering lost estate agency fees by ensuring that a vendor pays their contractual obligations. We also offer worldwide debt recovery and legal services, as well as tenancy support services which include absconded tenancy tracing and tenant referencing.
We have an impressive track record and operate on a no collection, no fee basis, meaning you have nothing to lose but a lot to gain.