Hi Domino99

The crucial issue is whether you will pay enough in those additional 2 years worth of contributions to cover the amount of equity you have in the property. If I were you I would insist before signing anything that you have confirmation of the exact amount that they are seeking in respect of equity. Based on this figure you will be able to work out whether those 2 years' worth of payments will add up to an equivalent sum.

If it doesn't then there would have to be a plan in place as to how the rest of the funds are going to be raised.

Is your property jointly owned with anyone else? If so, are they looking at signing a trust deed too?

Thanks so much for all advice given.
As I am using PayPlan (and they have been very helpful) they do not offer face to face meetings but there has been a great deal of communication.
I telephoned them and also followed up with an email asking for confirmation on the status of the equity.
They have responded that the equity has been dealt with all upfront and confirmed the equity value. I have agreed with them that I will extend the term of the Trust Deed by 24 months (bringing it to 5 years) paying an agreed figure to realise the equity. This is agreed and fixed all up front so I won't pay anything in additional to this to realise the equity. I should get my documentation soon so I'll be very thorough in checking it all!

Thanks again.