Welcome to the forum MM_1.

Regarding your current mortgage, is this the mortgage that you had in place when you originally started your trust deed?

I think that you're suggesting that's not the case and that your current mortgage was taken out to release equity at the end of your trust deed (it replaced the mortgage you had when your trust deed was signed)?

yes that's correct - I remortgaged to pay off the existing trust deed
thanks

Hi MM_1.

I'm afraid I'm struggling to see how a mortgage shortfall would fall into your previous trust deed in these circumstances.

Hi MM_1 and welcome to the forum,

Unfortunately if you obtained a new mortgage after the Trust Deed was signed then you are effectively taking out a new debt which cannot be included in that Trust Deed. A Trust Deed works on the basis that it's only debt which was incurred prior to the Trust Deed hat can be included. As a result I can't see that the Trust Deed will write this balance off.

If your property is repossessed and this results in a large shortfall then you may need to consider another Trust Deed, Sequestration or a DAS to deal with this debt.

Is there a reason that you are now struggling to maintain the mortgage, have you had a reduction in income? Is there anything that you can do to try and keep you property such as looking to reduce your bills, taking on a lodger etc?