Hi lorrainek.

I'm not sure if this new thread was meant to be a reply to a question on another thread?

Are you referring to equity in your property?

IF you are referring to the sum your are required to pay into your trust deed, the figure would be your initial agreed monthly payment multiplied by however many months your trust deed is due to run for. For example £200 a month x 36 months = £7200.

Hi,

Thanks for that, things are looking a bit clearer now, I was beginning to think the company could come back and ask for another amount, just need to sort out the equity now, is there anybody out there that has managed to change their mortgage provider whilst in a trust deed???

Hi lorrainek.

I'm sorry to say that in the last year I can only remember hearing from one forum member who had managed to be able to increase their secured borrowings while in a trust deed. The mortgage market really is very tough at the moment.

I would think that most of us have tried to re-mortgage but I would think very few of us has had any luck.During my own trust deed I have managed to set up two 3 year fixed deals with them without any problem. They were happy to do that but would not increase the amount borrowed or the remaining time to re-pay. My mortgage is with the Allinace & Lecister just out of interest.

Thanks,yes getting a re-mortgage is impossible, we would just like to change our mortgage provider without any extra borrowing, the company we are with are a bit of a night-mare to deal with.

Hi lorrainek.

I think switching will be tough, but you may be able to find a mortgage broker who will review the market for you without any charge.