Hi kerry.

I'm sure your trustee would agree to this.

The problem is likely to be that the lender will almost certainly credit check before providing a further advance and are unlikely to lend if they're aware of the trust deed.

thanks for the info. Because of illness my trust deed was put on hold for some time in the middle, and because of this it no longer shows on my credit file, even though I am still paying towards the equity. My credit file therefore looks ok, although not great.

would the charge on the account show as a trust deed charge? or just as a name

Hi kerry.

I can't see how they'd be able to lend without the consent of your trustee I'm afraid. They might well do insolvency checks as part of their process also.

Hi Kerry

An inhibition will no doubt be registered against you at present. The effect of this is that the lender could not secure any new debt against your property without the trustee's agreement.

As Trust Deed Assistant says, your Trustee is likely to be fine with this plan, but it might be more problematic persuading the lender. No harm in trying though I guess.