Just got a reply.
The person I contacted is Chris Downham of Bulgarian Home Loans. He said this:
"Hi Jain
There would be nothing that can be done with actually getting better valuations etc.
We have this situation with many clients and we always have managed to find some sort of UK based solution.
Usually a further advance, secured loan or personal loan, we look at clients situation and decide the best thing for them (taking into consideration all factors).
The banks seem to be worse than ever and are now happily back tracking on decisions that they previously made.
I'm sure we can help these clients. Cheers, Chris"
If anyone would like to contact him his email is
chris@simpligroup.com
His company is UK registered and based. Chris is a great guy and the company has been operating in the Bulgarian marketplace for many years. They are fully compliant with all UK requirements for companies working in the financial sector. I know they have excellent connections with over a dozen banks lending in the BG marketplace.
Please do say that I passed you his details.
Hope this helps and you all find a resolution to the problem.
Best wishes