We have been asked by the Defendant to negotiate a settlement of this matter.
Our client is prepared to pay to your client the sum of £140,000 in full and final settlement of this matter including all interest and costs subject to the following:
1. The freehold interest of the property at 91Bolckow Road,Grangetown, Middlesborough TSG 7ED be transferred back to our client for nil consideration.
2. £20,000 to be paid to your client by 28 January 2016.
3. The balance of £120,000 will be paid to your client 28 days thereafter. Please take your client's urgent instructions and revert to us.
This offer will remain open for acceptance until 4pm tomorrow Wednesday 27 January 2016 after which it will be automatically withdrawn. Should a settlement not be reached then we also expressly reserve the right to bring this correspondence the attention of the Court on the matter of costs.