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Scottish Trust Deed Forum
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21/07/2010 11:53 am
Can anyone help. My protected trust deed is due to end in November this year. I am expected to release around 8.5k from the equity in my house but this is proving a major problem as it means the remortgage against value would be more than 75% of the value of the property. Is it possible to extend a trust deed so that I can pay the sum off over a longer period say 2 years or more? If anyone has had a similar problem I would be grateful for any advice. I certainly don't want to lose my home but really want to pay the money required. John
22/07/2010 5:51 pm
Hello Johna33
It may be a good idea to talk to your Trustee about the possibilty of extending your trust deed, this is something trustees will be used to dealing with.
TDA
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
23/07/2010 1:11 pm
It is usually possible to extend the term of the trust deed to pay off equity - though I imagine it may be difficult to extend for more than say 2 years, and it really is at the discretion of your trustee, who may look to gauge your creditors' opinions.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
