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Scottish Trust Deed Forum
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Topic starter
24/03/2012 1:46 am
I have a joint mortgage with my father and equity on the house, however because of my fathers age I cant remortgage to release any equity. Could I enter into a Trust Deed in this instance and my house would be safe?
24/03/2012 8:15 am
Hi samodude
Its difficult to say without further information, however generally a valuation would be carried out and if there was any equity, then half of this would need to e paid into the trust deed. If there is no equity, then thats the end of things.
There are many ways of dealing with equity which will safeguard the property.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
