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Scottish Trust Deed Forum
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Topic starter
06/08/2012 3:07 am
I have just ended my three your term trust deed and the company now requires me to pay an additional £5000 as this is the equity from my house. I know that you can pay a fee to protect this either at the beginning or the end of the trust deed term as i had already contacted three different insolvency practitioners and they all stated this can be done.
I am considering taking legal advice or action as the company i was with had never informed me of this at the time of signing. I think this is misleading and just to take more money off me, just like lenders using the PPI.
Please someone advice me of the best place for this kind of advice.
06/08/2012 6:08 am
Hi pdai11.
I'm a little confused as your previous post in January last year indicated you were weighing up whether to start a trust deed or become bankrupt. I think you understood that there may be an equity liability at that point as well?
When did you sign your trust deed?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
