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Scottish Trust Deed Forum
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Topic starter
06/05/2013 10:34 am
my trust deed paperwork tells me that its a 4 year trust deed and the 4th year is for the interst in my property.does this mean that the equity has been sorted out at the start of my td.any advice thanks.
06/05/2013 10:51 am
It sounds like it weebill, but check with your trustee so you can be sure.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
06/05/2013 11:06 am
Is there a figure anywhere for the equity in the paperwork?
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
Topic starter
06/05/2013 11:09 am
thankyou TDA.the actual wording is as follows:in order that creditors are recompensed for the equity in the property,this is a4 year td and the first 3 years contributions are payable out of my income as income contributions and the final year is my offer to secure my interst in the property at this time and release the trustees interst.does this look as if everythings ok. tanks.
06/05/2013 11:42 am
Looks like it for sure weebill.
It's your trustee's interpretation that matters though so to be absolutely sure that the matter will be closed after four years check with them.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
06/05/2013 5:54 pm
Looks like 1st 36 contributions are for contributions with the remaining 12 allotted for equity in the property.
Rob is not currently posting in the Trust-Deed.co.uk forum.
Topic starter
06/05/2013 10:31 pm
thanks rob.as isaid it can get very confusing and worrying.and it is not much help when people want to kick you when your down.this whole country is full of bad people.
06/05/2013 10:53 pm
I agree the paperwork can be very confusing. A lot of information to take in and not something you may feel comfortable talkin about. That's the benefit of this forum!
Rob is not currently posting in the Trust-Deed.co.uk forum.
