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Scottish Trust Deed Forum
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Topic starter
12/04/2017 11:16 am
I currently have a joint mortgage with my ex partner but he is looking into buying me out. I currently reside with my mum at her property with my two kids and her 4 dogs. To say we are over crowded is an understatement. If my husband buys me out will all that money go to the trust deed? The reason I ask is incase I can use some of that money to look for my own place?
12/04/2017 11:45 am
Hi Twinkle33.
These things should always be checked with your trustee, but I'm afraid to say that your trustee is highly likely to look to recover any profit from a sale to help repay your creditors.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
12/04/2017 11:52 am
Ok thank you. I think I will apply for a council house as I wouldn't be in the position to buy on my own due to my credit rating anyway
12/04/2017 12:23 pm
That's the thing I suppose Twinkle33.
Having a deposit may not be especially useful if you cannot obtain a mortgage.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
