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Scottish Trust Deed Forum
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Topic starter
30/04/2018 10:56 pm
Hi,
I am desperately looking to sell my house. I have paid my final payment 4 weeks ago but still haven’t received my discharge letter. My trustee ( knightsbridge ) have said it could be upto 6 months before i receive my discharge. Would my trustee still be entitled to half of any equity from the sale of my house as it is in joint names ? if so, is there anyway around this apart from waiting for possibly 6 months on my discharge letter ?
thanks
01/05/2018 9:08 am
Hi weemeee.
I'd urge you not to sell you home until you have been formally discharged. Your share of the equity certainly could be at risk.
If there's a particularly pressing reason why you wish to sell you home, I'd suggest communicating that to your trustee and asking them to prioritise the processing of your discharge.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
07/05/2018 2:13 pm
I agree weemeee, unless the trustee has abandoned their interest in the property, your share of equity could be put at risk.
Sarah is no longer posting in the Trust-Deed.co.uk forum.
08/05/2018 7:51 am
Hopefully they are just under-promising and will over-deliver when it comes to the timescale for your discharge, weemeee, as there shouldn't usually be any reason for it to take so long.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
