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Scottish Trust Deed Forum
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Topic starter
25/05/2018 2:36 pm
Hi there,
Long story short, I bought my house with my ex in 2013 for £78000, he entered a trustdeed in 2014, round about £11000.00 in debt we separated in 2015 in which he moved out and managed to secure a council house. I stayed and carried on making mortgage payments (still owe £64125.00. He lost his job in Feb 2015 and entered a "payment holiday" with his trustdeed until he could find work again.
In Jul 2015 he suffered a brain injury and has been in rehabilitation until last month. so hasn't made a payment to his trustdeed since feb 2015. I have tried contacting his trustdeed although they will not speak to me or his mum. They also will not take any payments from his account as he is not employed and receiving benefits. I am eager to find out how much is left and if they will likely come after the equity of the house whom I live there with my daughter. Ideally I would like to remove him from the mortgage, pay him what hes owed for the house, sell up and move on with my life.
Is this possible?
Many Thanks
Topic starter
25/05/2018 2:37 pm
Apologies ive got the dates wrong, He lost his job in Feb 2017 and the suffered a brain injury in July 2017. So his last payment would have been Feb 2017.
Thanks
28/05/2018 2:38 pm
Hi bexxy
It is difficult to give you a clear answer to be honest. Yes, it may well be possible to do what you say, though that will depend on your ability to remortgage in your own name.
It is also worth finding out what his Trustee's intentions are as they may be planning to discharge him from his Trust Deed and release any interest in the property anyway. Do you know what the equity situation was at the start of the Trust Deed and what was agreed with the trustee?
Is your ex unable to communicate at all with the trustee himself due to his brain injury? Even just to give authority for information to be disclosed to you or to his mum?
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
