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Scottish Trust Deed Forum
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Topic starter
23/12/2014 9:25 pm
Hi,
My husband and I both entered in to TD's a year ago. Unfortunately, our marriage has now broken down and we are starting to think about the practicalities.
We have a joint mortgage. Will the sale of the house be forced due to the TD even if one of us could maintain the mortgage repayments? We have 4 young children and would liked to have kept the house for their sake especially during the early days of our separation.
Thanks.
23/12/2014 9:57 pm
Welcome to the forum madwife.
Is there a particular reason that you fear the home would be sold?
Is there any equity in your home?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
29/12/2014 5:00 pm
Hi
Many thanks for your response.
I just assumed that the house would have to be sold if we separated because we both have trust deeds.
There is equity in the house - around £40,000.
Natalie.
29/12/2014 5:43 pm
Thank you.
What was your plan to deal with this equity previously?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
29/12/2014 8:43 pm
There is no reason that the house would automatically have to be sold, Natalie, though if there was an agreement in place regarding equity then this would still stand. I suppose a bigger problem might be being able to afford the Trust Deed payments previously agreed as well as any extension to deal with equity?
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
