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Scottish Trust Deed Forum
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Topic starter
24/02/2010 2:39 pm
We signed a trust deed in December and thankfully its now protected we have a ?ú1000 to pay in equity whats the best way to pay this should we pay it up as a seperate payment as we dont have enough to pay the ?ú1000 upfront I know by reading posts on this site its better to deal with this in the 1st year of the PTD.
mk
24/02/2010 5:53 pm
Hi mags
do you have a 3rd party who could pay this up, perhaps 10 x ?ú100?
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
25/02/2010 4:11 pm
no we dont have a third party although the house is only in my husbands name could I be the third party as the PTD is my husbands and could I pay it up. Thanks
mk
25/02/2010 6:30 pm
Hi mags67,
I don't think there would be any problem with you paying this amount.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
26/02/2010 9:16 am
Yes mags67, as trust deed assistant says, this should be possible
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
26/02/2010 10:31 am
Hi mags67
Best idea would be to work out what you can afford and speak with your husband's trustee and make an offer ie 10 payments of ?ú100, 5 payments of ?ú200 etc. At least you will be safe in the knowledge that when it is paid, the matter of the equity is dealt with.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
