About Baker Tilly
Baker Tilly are a full-service accounting and advisory firm with offices in Cyprus, the UK, and the Balkans. Baker Tilly’s credibility is underscored by their engagement with Alpha Bank and other Cypriot banks. They have been entrusted to resolve historical Non-Performing Loans (NPLs) tied to Swiss Franc mortgages.
The reason Baker Tilly has contacted you
The primary purpose of Baker Tilly’s outreach is to identify Alpha Bank clients in the UK and initiate discussions. This could be to explore potential solutions for historical issues related to Swiss Franc mortgages in Cyprus. This communication allows property owners to address issues relating to their Cypriot property that might have been overlooked in the past.
Inside your Baker Tilly letter
When you receive a Baker Tilly letter, it will contain basic information, including your name, property development, and debt owed. One of the most worrying parts of the letter is the limited timescales for paying back your debt. These are typically under stringent conditions.
Consequences of ignoring the letter
Property owners must recognise the implications of non-engagement with Baker Tilly. Baker Tilly’s involvement is geared towards reaching settlements with individuals regarding unpaid debts on Swiss Franc mortgages in Cyprus. Ignoring their outreach and failing to explore options may prompt Baker Tilly to escalate the situation further. This may be in the form of initiating legal action in the UK via the Cyprus Court, pursuing the full amount owed along with interest and costs.
Dealing with your Baker Tilly letter
Receiving communication from Baker Tilly can cause a long-term financial issue for you even if you received it years later, making it essential that you deal with the issue face-on.
Since 2008, EU Property Solutions has been a reliable ally for individuals navigating challenging mortgage situations in Cyprus and across Europe. Our legal experts in the UK and Cyprus are well-versed and ready to guide you through this intricate scenario. If you have received a letter from Baker Tilly, our specialist legal team is prepared to assist. Moreover, we offer a *No Win No Fee option (*subject to conditions), ensuring charges are only incurred if we successfully resolve your foreign property issues.
Call our team today on 0330 124 1230 or email the team on [email protected] to set up your free initial consultation.
