How much is the house worth and what's left on the mortgage? It's not likely anyone would touch you for a remortgage but talking to your current lender may let you know where you stand.

Often after your final payment you can continue to make payments to pay off an equity figure.

Paul

Hi BillRobbo.

I'm afraid it's quite a while since we heard from someone that had been able to refinance the equity out of their home during a trust deed.

The car rules that apply should be those in place at the time your trust deed was signed.

Often people agree to carry on paying monthly contributions to deal with sums due on assets. It might be worth discussing this with your trustee to see if it would be viable for you.

ref car rules i,m sure anything over £1000 classed as an asset.as TDA says

I think it was for trust deeds after November 2010 that the threshold for cars went from £1000 to £3000.

The proposals to creditors at the start of the trust deed should have indicated what is expected to be gathered in from you in relation to the car - do you maybe have a copy somewhere?

The rules regarding cars changed on 15 November 2010. Prior to that date ,cars were exempt if they were valued at £1000 or less at the date of signing. This was increased to £3,000, but only for cases signed on, or after,that date. You should have had something in writing at the beginning that should help.
With regards equity, it is unlikely you will be able to remortgage, but you may be able to buy the equity out yourself by continuing with your contributions.

Thanks for all your answers. Looks like a remortgage would be unlikely. I will contact my Trustee to see if I can continue contributions and also to see position as regards car. I'll let you know what they say.