Notifications
Clear all
Scottish Trust Deed Forum
3
Posts
2
Users
0
Reactions
1,202
Views
Topic starter
28/07/2013 3:52 pm
Hi
We had to include our property in our Trust Deeds as we did not have the £500 each to pay to not include it, I was not too worried as its in negative equity at present. What happens at the end of the trust Deeds? At that point our mortgage will still be about £105,000 but I doubt we would sell it or it would value at more that £95,000, maybe £100,000 at a push.
Thanks
28/07/2013 5:22 pm
Hi Chillypink.
If equity develops you'll have to pay it over before you can be discharged.
If there's no equity I'd imagine that there will be no problem.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
28/07/2013 6:25 pm
Ok well fingers crossed there is no equity at the end, I would think it doubtful based on the housing market at present.
