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Scottish Trust Deed Forum
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Topic starter
23/03/2012 9:10 pm
Hi AGAIN ALL
Question i am going to pay my share of the equity in the house , but at this momment i do not have the full amount of money yet for my wifes share who finishes 5 months after me , is it normal for them to extend it for another few months untill the money is paid of , and also can they revalue the house although my share has been paid where do i stand thanks sharky
j shark
23/03/2012 9:21 pm
Hi sharkey
I don't think an extension is in any way unreasonable.
As for revaluation, it all depends what was agreed at the start I'm afraid.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
09/04/2012 12:48 am
Hi kevin spoke to them and they said it would be fine. finaly i have 1 more Question my last payment is due next month ,do i need to send any more paper work to th TD ,reason i ask i have been gambling with money i have not got last month to try and win some money to pay the equity off ,which i did not manage to do ,this was money that was supposed to be for things that i went without to try my luck but failed ,now i need to go and ask family member to help me with equity if they can , so really my question is what would happen thanks
j shark
09/04/2012 11:00 am
Hi sharkey.
You may be asked for more paperwork. That's up to your trust deed firm.
The fact that you have been gambling will not be an issue, though they might take an interest in the source of the funds for the gambling if there is any kind of question about it.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
09/04/2012 11:22 am
Hi
You may still be asked for paperwork, and they may ask about the gambling, but I can't see it being a big issue for them as you are so near the end of your Trust Deed. Try not to let it become an issue for you either- you dont want to end up here again! Bets always seem good when you are winning.
Shona is not currently posting in the Trust-Deed.co.uk forum.
Topic starter
09/04/2012 11:34 am
Hi TDA/SHONA thanks yes i under stand and it wont happen again ,i was just trying to see if i could try my luck with a few bets to see if i fight get lucky but i know its wrong ,its more the case that if they ask for another review at the end they will see some deductions on my bank account , i was going to ask anybody who has finished there trustdeed ,can you tell me what happened when you paid the last payment and what if any paper work was asked for ,thanks again for all good advice looking forward to my big release date ,hope i dont mess things up with a few silly bets thanks again sharkey
j shark
09/04/2012 11:47 am
I am sure it will be fine. Don't panic.
Shona is not currently posting in the Trust-Deed.co.uk forum.
Topic starter
11/04/2012 2:33 pm
Hi shona or any of the trust deed experts please can you tell me what actually happens when you pay your last payment ect and what meeting called and who between and what have i got to do , still a bit concerned thanks
j shark
11/04/2012 5:59 pm
There is little for you to do sharkey assuming all of your commitments are completed.
Your trust deed firm have some administrative procedures to follow which normally only take a few weeks.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
