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Scottish Trust Deed Forum
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Topic starter
07/06/2011 11:19 am
Hi Folks,
I have several more monthly payments to make to complete 36 TD payments. I have approx £6k equity to find after this and have been advised this can be covered by extension or payment by 3rd party. Payment extension will probably be the route I take but if I were to approach family for a loan for all or part of the total what evidence will my IP company require that the source of funds is from them? I appreciate they must be satisfied its from where I say its from.
The reason I ask is that no one knows I have been in a PTD, not even the wife! Having an IP firm contacting them directly would make this a non-starter.
07/06/2011 1:01 pm
Hi Ralph.
My understanding is that they only need to know the source of the funds to confirm that it isn't coming from you directly.
Have you asked your trust deed company what they will need? This seems like an subject that will vary from one company to another.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
07/06/2011 1:13 pm
Thanks TDA,
I'll contact them and find out their policy. I suppose if I could show bank receipt to show transfer of funds from relatives account into my own current account, this might be one option.
07/06/2011 2:06 pm
Hello Ralph.
Hopefully there will be a straightforward way around this for you.
Please let us know what you hear.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
