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Topic starter
20/05/2013 3:54 pm
Hi guys. Just something on my mind.
The mortgage in our house is in my name only.
Out IP asked for £500 to negate any interest in the property at the end of our 4 yr TD.
Both my husband and myself have TD's.
If the mortgage was in joint names would we have to have paid the 500 twice?
As my husband lives with me I take it they won't look to him for equity at the end of the TD? (There was no equity noted when we entered ~ the figure we were given was equal to or less than market value!)
Thanks in advance. [:)]
20/05/2013 4:23 pm
Hello Indebt999.
This is going to be one to ask your trustee. We hear of:
1 - Firms that will charge the £500 once per couple.
2 - Firms that will charge the £500 twice per couple.
3 - Firms that don't charge it at all.
I guess another key point about the home might come down to ownership rather than who is named on the mortgage. That can be different things. You might also want to check their understanding about the ownership of your home (just you, or joint?).
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
20/05/2013 4:29 pm
Thanks. I will get clarification.
