Good for you poprey.

I doubt that your trustee would have a problem with this - but it's always best to ask directly.

Couldn't you leave that money in the bank and concentrate on raising the property fee at the same time?

Might help to avoid questions about how you can afford to make the last payment early.

We normally pay with my wife's wages they go in every 4 weeks, so she is due to get paid on 25th, so this would normally sit in the bank until 17th of the next month

Hi poprey,

I can't see your Trustee having a problem accepting the payment now to clear your agreed contributions if the funds will only sit there until your next payment date.

It's something which you will need to run past your Trustee but as TDA has advised you could just acquire the property abandonment fee at the same time.

From my view point it's always better to get funds into the case as quickly as possible.

Is it just £500 per person that you need to pay as the abandonment fee?

What's an abandonment fee if you don't mind me asking? I was of an understanding that my last payment was my last payment.

Some trustees require people that own a property with no/negative equity to pay an additional payment in order for the Trustee's interest in the property to be released.

Not all firms look for this these days, for instance I believe neither of the firms represented by the experts on this forum do.

It might also be required if there is another significant asset, such as a car with value over £3000. If you think it may apply to you then it should be detailed in your initial paperwork.

Thanks, I have just checked my paperwork and there is no abandonment fee and for the house or the car.