Hi sd

Could you explain where the money came from as the circumstances are not clear from your post.

Mark

Welcome to the forum sd1972.

When your trust deed payment was worked out was it assumed that you would pay all of the mortgage cost?

As Mark says, a little more background might help us to help you.

Hi thanks for reply, money came from bank from a policy we took out for unemployment etc, so claim was made through this for my husband only. My mortgage costs were taken in to consideration and i contiuned to pay full amount and still do, i did not understand that money that was paid to my husband would be taken in to consideration, even if it was i didnt think i would have to pay back it all which adds up to a fair amount. Any help would be appreciated.

I am not sure about whole amount of mortgage if i was to pay all?, would need to check documentation.

Hi sd1972.

If your husband received an additional source of income it would usually be considered fair (to your creditors) that he use some of it towards your joint household bills.

The net effect can be (on paper) a reduction in the proportion of household bills that you are paying. This reduction will typically have the effect of increasing the amount that you can afford to pay towards your debts via the trust deed.

This is my guess as to what has happened, hopefully your trustee can lay it out in detail for you.

Are you the only one in the trust deed?

Yes I am the only one on a trust deed

It's most likely to do with the amount of your respective share of costs changing as TDA suggests. Or, perhaps the money's seen as received by both as a household since it was a joint policy. If your husband actually suffered unemployment which caused the claim, surely the reduced income will also be taken into account?

Was your husband working previously then sd1972? If so, surely your household income will have reduced during his unemployment?

Whilst there might be less for you to pay toward the mortgage, I assume you would have to bear a greater burden in repsect of other joint household bills if your husband is out of work. Your trustee should be taking the whole picture into account.

Thanks for comments my payments have varied and I now pay 550 per month it has been as low as 250 but my hubby has been in employment then on job seekers then on to nothing , I find it difficult to understand why I would have been better off not to have claimed on policy that we have paid for years, I feel I was not told at beginning of td the full facts and this was not picked up sooner during reviews I didn't hide any info they had all my bank statements, do I have a right to complain about advice or guidance?

Hi sd1972.

You can complain if you wish. It would be to your trustee first and his/her regulatory body if you remain unhappy after.

Why would you have been better off by not claiming on the policy?

Better off not claiming as I have now to payback all the money my husband received

I'm still trying to get my head round how you can afford more if your husband is not working, surely the insurance policy will only compensate for some of the loss of his income? Has your trustee provided a breakdown of how they are working out what you need to pay, sd1972, and does it reflect reality?

It was very complicated and was never straight forward, the amount quoted to begin with to repay back monthly started off at 250 then after about a year it went up to and is now at 550 and this is based only on my wages, they said that the whole allowance had been given to me for the mortgage and that is why when these payments came in to our shared bank account from insurance (Halifax)and I did not tell them? that I would now have to pay back all the money given to my husband from the insurance company works out about 4 thousand pounds.