Hello ghostofricco69,

The honest truth at the moment is that I'm not aware of mortgage lenders offering increased secured borrowings to anyone currently in a trust deed.

This situation might change; we all know that mortgage availability is extremely tight at the moment. However a return to the cheap and easy lending of a few years ago seems very unlikely.

With that in mind, is there anybody that might be prepared to raise such a sum on your behalf?

Also I wondered how much you pay towards your trust deed each month at the moment? Sometimes additional monthly payments can be used to deal with any equity that exists, however a Trustee would probably want to see the return over a reasonable timeframe and ?ú24000 is obviously a substantial sum.

I hope that issues connected to the equity in your home were discussed with you by a representative of your trust deed company before you signed?

May be jumping the gun a wee bit here, but if it turns out that you cannot find a way to raise this equity and have to consider selling, then you could always look at the possibility of entering into the mortgage to rent scheme instead. Under this scheme you would be able to remain in your current home but it would be bought by a social landlord instead, from whom you would rent the property.
As I understand it usually you have the option to buiy the property back further down the line.