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Scottish Trust Deed Forum
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Topic starter
06/12/2012 6:50 pm
Hi ive just found out ive roughly £10,000
In equity to be released from my flat , i'm at the end
Of my td , my last payment is this december.
I've no means of paying this amount of cash back ,
I'm not sure what options i have , it looks like i'll
Need to sell my flat .
Any help ir info would be brilliant
Edd
06/12/2012 7:57 pm
Hi Edd82
It depends I suppose on the level of contribution. Normal process would be to extend the trust deed period.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
06/12/2012 8:14 pm
Hi mark , thanks for the information, do you mean how much I pay into my tad every month ?
Edd82
Edd
06/12/2012 9:11 pm
When you say you just found out- was that after a survey? Was it not discussed at the start?
06/12/2012 9:21 pm
Hi Edd82
Yes, the sale of the property should always be last option.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
06/12/2012 9:56 pm
Cheers mark
Rockbottomsolidbase: yes i've just had a survey done . The company am with never organised
A survey at the start of my td , but as from reading on this forum it looks like the should have , my flat has prob dropped
In price my 20% in the last 3 years ,
Edd
06/12/2012 11:49 pm
Maybe that's a bonus in some ways?
If it was valued and the equity decided 3 yrs ago, the trustee would need to gather in a higher amount whilst you'd be unlikely to achieve that from a sale or refinance.
