Hello smith67.

What sort of sum are you being asked to raise?

Do you believe the sum to be a fair valuation of your share of the equity as it currently stands?

This information may be useful in trying to provide some assistance to you.

THE VALUATION IS THE SAME AS WE WERE GIVEN AT THE END OF MY TRUST DEED ABOUT THREEE YEARS AGO.I DO BELEIVE IT TO BE FAIR .THE EQUITY IN THE PROPERTY IS £68000 MY SHARE BEING HALF THAT AMOUNT.INVOCAS WERE WILLING TO ACCEPT £17000 ABOUT TWO YEARS AGO BUT WE WERE BADLY ADVICED AN THE FINACE FELL THROUGH.

Hi again.

This is a very tricky situation, I'm afraid we aren't currently aware of any lender providing this type of mortgage to someone in a trust deed.

The difficulty is that Invocas do have a responsibility to raise the value of the equity one way or another.

I don't know if it's viable or acceptable, but have you looked into your partner raising the money against the home in their name only?

WILL CHECK THIS OUT BUT MY PARTNER IS NOT VERY HAPPY ABOUT TAKING ANY MORE LOANS OUT.
ANY MORE ADVICE WOULD BE WELCOME AS I HAVE BEEN GIVEN 2 WEEKS TO SORT IT OUT.THANKS

I'm afraid i don't really have any other ideas smith67, but hopefully one of the experts or site members will be able to offer something useful to you in these difficult circumstances.

Your partner, who does not want to sell, may want to take legal advice on how to defend their interests in the event that an attempt were made to force this.

THANKS FOR YOUR HELP.

Just a thought, could a family member or friend buy a share of the property from you, as perhaps an investment if you agreed to pay them a monthly amount and include some interest say making it up to three thousand. Not really sure how this would all work but I'm guessing they could get a mortgage for 17000 and write a contract to agreed monthly payments, maybe something along these lines may help.

That should have read three thousand in interest to make it to twenty or you agree to pay the value of there mortgage payments when trust deed is complete.