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Scottish Trust Deed Forum
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Topic starter
07/07/2011 8:20 pm
i have now been in a trust deed for just over a year. my husband and i have now seperated which leaves me with a huge mortgage which i cant afford. although this is joint he wont pay anything towards it unless he gets the house. i am prepared to give him the the house and and let him remorgage on his own and keep the house as. but im assuming i cant do this whilst in a trust deed!!!!! any advice would helpfully
Elaine McCall
07/07/2011 11:05 pm
Hello nells.
Is there any equity in the home do you think?
Have you already been made aware of any responsibilities for equity connected to your trust deed?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
14/07/2011 3:06 pm
Hi
thank you for replying. i wouldnt imagine there would be any equity since i only signed the trust deed in 2010 and as the housing prices have never really risen i couldnt imagine this to be the case. i have also signed a document and agreed to extend my TD for a futher 2 month to cover a £500 payment to cover the equity on the property.
Elaine McCall
14/07/2011 3:15 pm
Hi nells.
I cannot really see why there would be an issue with this; there doesn't appear to be any detriment to your creditors.
It's one of those issues where I think you need to talk it through with your trust deed provider now. I'd imagine that under the circumstances they'd want to be supportive and helpful.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
Topic starter
18/07/2011 5:11 pm
Hi Amy
i will contact my TD provider asap as i have been worried sick about this and i cant keep up with the huge mortgage payments!!! thank you so much again
Elaine McCall
18/07/2011 9:24 pm
Please let us know how you get on nells. Hopefully there will not be an issue with this.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
