Hi edinburghgal

I don't know what other insolvency practitioners might insist on, but we wouldn't normally insist on proof of such an arrangement. As long as the amount being paid is reasonable then it would be accepted at face value.

Regards
Kevin

Hi edinburghgal

same here. It's not something you can document as such, like a lease/tenancy and if it appears reasonable, I see no reason why it wouldn't be accepted.

Mark

Thanks very much for you help.

Best of luck with everything Jill.

Please let us know how everything goes if and when you choose a firm to help you.

As a wee follow up - as far as I can gather the TD will be registered as much with the address as with myself. What effect will this have for my mum as I own no part of the property? Will it make it harder for her to sell the flat should she choose to do so in the future?

Hi Jill,

Please be assured that you being in a Scottish Trust Deed will make no difference whatsoever to your Mum being able to sell her home if she wishes to.

Sometimes there can be a credit record "association" where people have linked addresses. This will not affect the sale of a property but might affect the obtaining of credit.

In these circumstances (obtaining credit) a "notice of disassociation" can be filed with one of the major credit reference agencies (such as Experian - they will share it with the others) so that a person who is not in a Trust Deed will not see their ability to obtain credit affected by sharing a home with someone who is in a Scottish Trust Deed.

If you are not a property owner your Trust Deed is really a "personal" matter rather than one of "property".

Thanks for your reply TDA. Is a notice of disassociation something I could do myself or would I need my Trustee to do it?

You should be able to do it yourself Jill, by contacting the credit reference agencies, though you may not need to.

It's only necessary if there is an association linking you and your mother on your credit record and I believe that this would normally only happen if you and your mother had applied for credit together at some point. Best thing to do is to wait a couple of months, get a credit check done (your mother too) and see if there is any evidence of your credit record being linked to hers.