Welcome to the trust deed forum barryi8.

If you want to sell a home during your trust deed (which is in negative equity) you're going to need to speak with your Trustee and the mortgage lender.

Your Trustee may have a concern about this sale because it will affect the return from the trust deed to other creditors (the shortfall when selling the property will become another debt).

Your mortgage lender may have a concern about such a sale because it's likely to lead to a loss for them.

Probably best to get the process of talking to them underway. I'd suggest speaking to your trust deed firm first to see what they say.

thanks i could wait till the trust deed finishes if this would be easier the trust deed finishes as the last payment is in the 1st of july what do you think

Lets see what Shona, Kevin, Chris or Mark think about this barryi8.

I'm sure they have all worked with people that have moved abroad during their protected trust deed and I'm sure the subject of selling a home will have come up in connection to this.

If there is a shortfall to the mortgage lender then they would not be able to pursue you for it. However, if this shortfall happens before you are discharged from the trust deed then it is possible that it may affect your discharge - your trustee could seek to extend your trust deed to compensate for the higher level of debt.

That was quick Kevin! 48 seconds.

I'm tempted to come back at that with a remark, but will refrain on grounds of taste and decency.

Probably a good call.

thanks for your help the both of you[:)]

Hi, not so quick, but I would agree with Kevin - any shortfall will fall into the Trust Deed. You should speak to your Trustee to see if they will extend the trust deed if you sold prior to discharge. The chances are the Trustee will advise you to let the property be repossessed.