I would always advise a client to maintain their mortgage payments as the property is not being formerly surrendered to the secured creditor. However, legally the Trustee in a Trust Deed can not force you. They may however sequestrate you for non compliance if the non payment of the mortgage means the creditors will suffer when the property is sold. The trustee would also have to re-assess your income and expenditure and depending on your new living arrangement cows, they may seek a higher contribution if you are no longer payin the mortgage.

Is there no other option to maintain the mortgage payments and move to Dubai? Is there an other option to raise equity without selling the property? Just trying to think outside the box.

Hi Rob, no the equity is over 30k! If i was to get the arrears sorted and finish the TD on the original finish date and then i handed keys over, I could then cancel the Mortgage and fixed loan payments?

Hi am123456.

I think that the experts are unlikely to advise that you take this course of action without talking it all through with your trustee first so that you understand what their stance would be.