Really sorry to hear/read of your situation you must be out of your mind, I would be the same. This TD company gets mentioned now again on here and I don't like what I read and that's all I'm saying.

Hope things work out for you and the TD company works with you to resolve this in a fair way.

Hi.

Readers of this thread that aren't aware of gresgow's story might want to read back over their previous posts to understand the circumstances a little better. Gresgow will correct me if this is wrong but from memory they are:
1: Gresgow inherited a house.
2: The trustee therefore needed the debts to be fully repaid, plus interests plus costs.
3: Gresgow didn't want to sell the house or use it to raise the finance to pay off what is due to the trust deed now.
4: Eventually the trustee agreed to allow Gresgow to pay off this amount in extra monthly contributions. I think the amount needed each month to make this happen within a reasonable period of time seemed like it would be a stretch for gresgow but this was the route that they chose.

Hi gresgow.

I think you're going to have to wait until next week to enquire why your trustee has taken this view.

They may have concluded that you're unable to meet the terms of the agreement they offered you to avoid the sale or refinance of your home.

I can understand why you'd be shocked to be informed about this in this way and hope that you can get everything back on track next week.

TDA can you please do me a favour and delete my user name - I no longer wish to make contributions to this forum

Hi sparky1.

I'm genuinely sorry that you feel that way.

From the forum's perspective we have to create a level of balance when a firm is named in a thread. That's not because we side with them in any way, often it's the opposite in fact, but so that people have a bit more information which they can take into account when they form their own conclusions about the named firm.

To be honest it's much easier to discuss situations openly and help people when firms aren't named.

Hopefully gresgow will be able to get this back on track next week and the experts here will be pleased to try and help and support if specific questions in connection to this arise in the forum.

It's going to be difficult to delete your username as that deletes all of your posts at the same time. Too many important threads would cease to make sense because of the scale of your valued contributions here.

If you want to get in touch with me directly on Monday we'll happily work with you to make sure there's nothing here that personally identifies you.

There is little point in an open forum if companies cannot be named when peopke have issues with them.

Its also hard to allow people to form opinions when names are withheld.

Paul

Agreed Paul. There isn't any instruction to visitors not to name firms, there never has been.

For reasons of professional courtesy it can, sometimes, become harder for the experts that post here to be quite as candid as normal when a firm is named.

From a moderation point of view we sometimes present other possible sides and views when a firm gets named. That's just about balance, it doesn't mean we're taking one side or another.

Hi gresgow

I can fully sympathise with your position, however I think only the Trustee will be able to clarify the current position.

Selling a property is always the last option for any trustee and personally I have never been involved in a case with aforced sale in 20+ years as there are normally other ways of dealing with this.

In a kind of ( slightly) similar situation, I am aware that banks/building societies commencing action for repossession where there are arrears even when repayment of arrears have been agreed, but they stop short of actual repossession and all they are doing is putting themselves in a position that if further arrears occur, then they do not have to commence the whole process again. I know its no consolation, however it may be that the Trustee is taking such a step. That said, the position should have been fully explained as it is disappointing to say the least that there appears to be a communication issue within the firm.

Hopefully you can speak to someone on Monday and clarify things.

Mark

Hi gresgow.

Having thought about this a little more I'm just wondering whether it might be worthwhile to take out a small mortgage on the property just to bring the trust deed to an end, to secure your position in the home, and to have some spare money to cover you as and when things inevitably come up?

It wouldn't be an option for most people during a trust deed, but the circumstances are unique because the loan to value would be so small.

First of all I think this is a fantastic site - the advise given by the experts on here for free has been invaluable to me and I really do appreciate the time they take out to keep us all on the right path.

It's all fine being a debt advisor or an Trustee but I think what goes amiss now and again is that wee are real people going through this life experience. Some responses can seem automatic, I can understand gresgow must have felt when that letter was received.

I've said this before, I don't agree that IP should hide behind profile names either whereas the experts on here say who they are, there should be no place for others on here.

TDA I'm honestly not picking a fight because this site deserves better, I'm just expressing my views.

Hi TDA

I have pretty much been advised that no reputable lender would entertain me whilst in the trust deed.

I would love to do as you suggest and get the trust deed completed, however I suspect that it is a non-starter.

If anyone looking in can suggest any lenders who may be able to help then please advise.

I'm even past the point of looking for 'reputable' and know that anything that I would be offered would be at sky high interest rates, but at least it would clear the TD and secure my property.

Thanks

Not saying he could help but Ryan Radford may be worth having an informal chat with. He has helped many people in IVAs to sort out mortgages. Dont get your hopes up but it wont harm you to give him a call. I am not allowed to post his web address so use a search engine to look him up. The company he runs has a stripey horse like animal in its name.

Paul

Thanks for adding that Paul.

Gresgow, I did a little digging online and found a few mortgage products that just might work.

They're with obscure lenders that often have to be accessed via a broker (many don't deal with the public directly).

I'm not familiar with the broker Paul mentions but it might be worth having a cautious look. The forum Paul mentions deals with many comparable issues to this one.

Hi sparky1.

I do hear where you're coming from and there's no problem with your contributions as far as we're concerned.

It's well understood that there's a serious human element in what's happening behind these forums posts. My colleagues and I have had many very harrowing telephone conversations with visitors over the years.

I hope you can understand also that as the reach of the site has grown we've had to consider our responsibilities to firms that get named as well as visitors that haven't been treated well. As we often only hear one side of the story in the forum sometimes the picture needs to be broadened or an alternative viewpoint be advanced for the sake of balance.