I think this is something only the trustee can answer, although I suspect it may be the full amount!

Mark

Thanks Mark,

I assume if you we're advised of a similar situation you would request 100% of the payment?

TL

Hi Timelord.

Does the claim relate to this?

(Link removed 2020).

Hi TDA

that's the one, however it is for a mortgage that was cleared in full prior to my TD, so there is no balance for it to be credited to and the lender is not a creditor in my TD.

Hi again.

I think Mark's probably right, it seems likely that this money will be used to help repay your creditors.

There's no harm in asking your trustee about it though.

It appears the trustee will likely take the full amount, seperate of any arrears, as a additional asset. No harm in callin and bein honest if you would like to propose something else. It doesn't cost anything and thy might say yes. Not that I would like to get your hopes up. If they haven't claimed PPI it might be a nice suppose for them too!

I also received a letter from NRAM re a claim. I was straight on the phone to my TD company as I didn't know what it was in connection with. When I first took out my mortgage it was with northern rock, now NRAM. .. And I took out a life insurance policy to cover the mortgage repayments should anything happen. This policy was with Aviva. My trust deed advisor told me that the claim the letter was about was the Aviva policy, but why is it coming from NRAM?
Hope that makes sense!!

Hi Nemo

It seems strange that this may relate to the Aviva policy you mention as its more likely to relate to matters in the previous post.

NRAM should be able to clarify the exact nature of this. Unless of course the trustee has something specific in his file re the policy.

Mark