Matrimonial Settlements
Impact provides loans to people who are involved in matrimonial property settlements.
Matrimonial advances are for a minimum of £5,000 and to a maximum of £100,000.
Each application is assessed to determine;
a) The matrimonial asset pool,
b) The likely percentage split between the spouses,
c) The nature of the likely assets the borrower will receive (i.e. liquid v non-liquid)
Unlike personal injury advances, a matrimonial loan does allow recourse against the borrower and his or her assets.
The matrimonial loan does not require periodic repayments. A lump sum of principal and interest is repayable upon settlement. This allows borrowers, who are asset rich and cash poor, (i.e. those that may have the residence in the family home but no income), to apply for a loan without the concern of periodic repayment obligations.
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Impact Holdings (UK) Plc Manchester International Office Centre Styal Road Manchester M22 5WB (t) +44 (0)161 437 9499 (f) +44 (0)161 437 9555 (e) enquiries@impactholdings.net |

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