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Scottish Trust Deed Forum
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Topic starter
03/07/2012 7:09 am
Hi all
If I experience a change in circumstances in relation to my living arrangements and this then requires me to pay rent to a landlord what will then happen to my TD contributions?
I do not currently have any board/rental/mortgage outgoings at the moment but pay other housing costs, bills etc but this may change in the future. Is there a ceiling on home rental income costs? I would also mention that this potential change is something that is outwith my control.
If after paying rental income and other outgoings what if my disposable income is at a level too low to sustain the TD?
03/07/2012 7:45 am
Your trustee may look to extend the length of the td,but best to talk to them directly.
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
03/07/2012 10:30 am
Hi gresgow
I think Paul is correct. You will need to discuss matters with your Trustee. The likely scenarios will be a reduction in contribution and extention to the time period or sequestration.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
