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Scottish Trust Deed Forum
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Topic starter
07/06/2009 5:06 pm
recevied a letter from ip telling me that the property is over secured and that i require to pay the ?ú250 to provide a letter of renunciation which will confirm they no longer have any interest on my property. does that mean if it does go up in value they cant touch any of the equity.been in a ptd for 2 years now but still not payed the ?ú250 ip said i can pay at the end,is it better to pay now or wait.
08/06/2009 9:10 am
Hi Thomas,
I'm interested to hear Kevin's or Mark's opinion on this. I guess the answer depends partly on what you think will happen with property values over the next 12 months.
You are right in saying that once you have that letter of renunciation your home will sit away from your Trust Deed responsibilities.
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