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Topic starter
22/12/2014 6:50 pm
Hi there
We have recieved the form 5 in october along with a letter saying they have no interest in our house.
The trustee is now investigating PPI claims, of which I dont think there will be any. We have not heard anything since 15th October.
Could selling the house be a problem? would it hold up the sale? We have a chance to move into cheaper rented accommodation.
Is there any pitfalls with the trustee still being involved? would they take any profit, there will not be much if any but it would be good to know.
Thanks very much
LisaJane
22/12/2014 9:27 pm
Hi LisaJane.
I doubt that there is any issue at all here. Always a good idea to check with the trustee to reassure yourself fully on that though.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
28/12/2014 2:39 pm
Hi LisaJane
TDA is correct. For the Trustee to issue Form 5 there is a legal requirement for the Trustee to advise creditors that you have fulfilled your obligations under the Trust Deed, however more importantly before issuing Form 5, the Trustee requires to remove any inhibition over the property. They would need to be certain that there was no interest in the property before doing this.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
28/12/2014 8:51 pm
Thats great news thanks for both of your advice. 🙂
