Hi Poorboy.

You should certainly speak with your trust deed firm about this. In some instances there might be a concern if a large debt were later added to the trust deed (because it would reduce the return that the other creditors would get) but hopefully your increased monthly payment will mitigate against that.

Hi Poorboy

I would agree with TDA. Talk with your Trustee, it may be possible. Your mortgage company will have been written to at the outset, so it is not as though they didn't know about the Trust Deed. They could have volunteered the information at that point!! Is your mortgage in joint names? If it is, your partner will be expected to make the payments on the unsecured loan with the mortgage lender.

Shona & TDA, thanks for your advice.

The mortgage is solely in my name, although my partner and I have gotten married since the mortgage was taken out. Does being married make her in any way liable, even though it is solely in my name?

My wife is also in a PTD.

Thanks

PB

Hi Poorboy.

Being married makes no difference.

If the mortgage and associated unsecured loan is in your name it's your responsibility only.

Thanks for the advice Shona and TDA.

I spoke to my Trustee and they were happy to add the additional debt to by PTD.

I will be making increased payments, but not until February as the Trustee thinks it may take a few months to completely sort and with the payment being taken as one Direct Debit with my mortgage I can't just cancel it like I could do with the others.

The outcome was better than I had hoped for.

Thanks
PB

Hello Poorboy.

I'm really pleased to hear that this has worked out for you.

This situation with unsecured loans connected to mortgages easily causes confusion, something that your trust deed firm seems to have taken into account which is good to hear.