Welcome to the trust deed forum stavros.

Being joint on a mortgage isn't an issue, the key point is whether you are a joint owner of the home.

However, even if you are a joint owner, if there is no equity in the home there should be no issue with starting a trust deed anyway so long as you get things confirmed in writing upfront and you're happy with how it will all work.

If there's a little equity it would usually be possible to pay this off with a few extra monthly contributions after the usual trust deed term is completed.

hi thanks for your reply,

I am joint owner and on mortgage papers, can i apply for trust deed and my partner won't have to? or do both of us? some of the debt is joint.

Hi again.

You can apply individually if you wish, even if there are joint debts.

The thing to consider though is that your wife will remain fully responsible for the full balances of any joint debts. It's not the case that each of you are responsible for half each of any joint debts.

Thank you again,

hi I meant to say, I was in a trust deed 10 years ago, will this have any bearing on applying again?

thanks.

That will not hold you back stavros. There are occasions that people enter into a second trust deed after a period much shorter than that.

You may wish to speak with your wife about her debt management plan. This provides her and her home with no legal protection from her creditors. A trust deed, or the debt arrangement scheme, may be a better option to deal with her debts and add a layer of protection that doesn't currently exist.