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Topic starter
03/07/2012 2:47 pm
Hi,
My husband and I started our trust deed in feb09. My husband's will finish in aug09. which is 42 months. He delayed 2 payments which means he is still over, spoke about this we our company last week, she didn't agree with me about this. (but I will be making contact again regarding this, as I am sure he is over his time).Mine will not be done until dec09, I delayed 4 payments.
They are going to look into equity now, can they do this when my husband's finishes,also they talk about life policies, why wolud they do this?
PPI, we returned the paperwork they asked for not heard anything as yet, I am know we agreed to the ppi at the time in fear of losing our jobs or becoming ill.Will we be dicharged while to look into this? Having gone into a trust deed badly informed not sure what to expect, still very frightened of it all.
03/07/2012 2:55 pm
Hi Lorraineek
Probably best if I can try to anser the points one by one.
*If you have agreed a set term for the trust deeds and missed payments
in the period. The Trust Deed will likely be extended to pick up the
missed payments.
*I am surprised that they are assessing the equity position just now.
I think it is absolutely paramount that equity is discussed assessed
and agreed before you sign anything, so there are no surprises.
*Your Trustee will normally register an interest in policies in case
anything happens in the period of the Trust Deed. Nothing to worry
about.
*As you signed after April 2008, I see no reason why you cannot be
discharged and the Trustee remain in office to sort out the PPI.
Hope the above helps
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
05/07/2012 3:53 pm
Hi Mark thank you for your reply.
Even with the missed payments I am quite sure my hauband has now paid 40 payments.
The equity was spoken about possibley in the middle but it wasn't a proper valutation, they are looking for about 12.000, we dont agree as we don't think our house who sell for anything near it s value.Plus after 3 years of not having any spare cash it is needing major work. We have been told for 1 that our boiler is a bit delicate, things like that.
We thought they were looking to see if there would be any surplus funds available to them regarding the life polices.
PPI how long can they keep us in office regarding this, (what does remaining office mean).
Also as my husband s deed is due to finish before mine will this mean his payments stop or what will they do.
