What is the context, Gallows88?

I believed it was relating to my property the FEE £500 was to be paid after the period of the trust deed in settlement for their interest in the property can you give me an explanation of this wording please

I guess by "fee for title" they are saying that you have to pay the money in order to retain title of your property, ie keep ownership. If you didn't pay it then your trustee could seek to exercise their rights to take possession of the property and sell it for the benefit of your creditors.

Thanks Kevin but as there was no equity in the property at the time of set up why would they wish to sell it? does the fee protect me from the TD taking possesion and selling my property at the end of the period of trust deed assuming it has gathered some equity over the 3 years of the deed

That's right. Some firms ask for this payment, others don't. I guess you are with a firm that does.

Hi Gallows88

Some firms carry out a valuation at the start and on the basis that you pay £500, no further valuation will be instructed. That way if there is no equity at the start, then the position will remain.

There is no transfer of title in the property as such with the Trust Deed.

Mark

Thanks gents for all your help