Hi froggy

I don't see why not.

The only issue I can see is if the rent produces a high enough figure to alter your income, then the Trustee may revise your contribution. If it generally pays for the mortgage and associated costs then it would make no difference to things.

You would also need to check with your mortgage company to see if the renting of the property is withing the terms of the mortgage.

Ah! Australia, looking out the window at the rain here. If only...

Mark

Mark,

Haha. Yes its not the best weather is it? Thanks for clearing that up for me. Much appreciated.

Andy.

Hi Andy

No problem. We have quite a few Trust Deeds who have moved abroad and there has been no change to any of them as the rent just about covers the cost. Plus we need to build in some provision for when the property is not rented, but the mortgage needs to be paid.

Mark

Hi, does the credit file we all have in U.K get used abroad if u emigrated or do they use their own credit file system?

I think every country has their own way of doing this sparky1.

Hi i have another question under this forum. I currently have a car on HP until Aug 2014 but moving to Oz in Jan 2014. They said at the end of my HP agreement i could either pay the amount to the trust deed for 6 months or give my trust deed the car. If i move to Oz i will need a new car so would i be able to sell it before i go and use whatever money is left after i have paid the lease company off so i could use the rest of the money to get a car over there or give the trust deed my car before i go and have no money for one in Oz?

Hi Froggy

You would need the Trustee's consent I suspect and also the HP company. It may well be that the Trustee would claim any surplus once the finance had been settled. The alternative would be to hand the car back and any potential shortfall would be a claim in the Trust Deed.

Logic would say that you look at something in between and speak with the Trustee and run through both options, then agree a split of any net proceeds. That way all parties benefit.

Mark

Ok thanks Mark. Much appreciated!

No problem.

I hope it works out and the Trustee sees sense!

Mark