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Topic starter
05/03/2013 2:00 am
have e mailed mark mc fadyen but would like opinions of others
have been in a trust deed for 4 1/2 years paid all cotributions of £7200 also had ppi refunds of £8500 paid to trust deed. my original debt was about £32000 raised £50000 through sale of house to daughter and had to pay off motgagee and offered trust deed £17700 to finish this they accepted in writng but when my solitor contacted them to pay this amount they refused to accept and said they wanted to deal with sale themselves why sudden change
05/03/2013 7:43 am
Hi manatbushk
I'll certainly have a look when I receive the email. Slight panic as I thought for a minute it was one of our Trust Deeds!
Can you clarify the position with the house. You mentioned you raised £50k from the sale of the house and then advised that the Trustee wanted to deal with the sale. If you clarify, I can hopefully assist.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
05/03/2013 9:10 am
Hi manatbushk.
It is difficult for the experts that post here to get into direct offline communication about trust deeds being managed by firms other than their own.
The forum is probably the best place for that as it means a number of experts can share their views, that you'll still get an answer if someone is out of the office with client meetings all day, and that other readers (now and in the future) can benefit from the advice and explanations as well.
Might this situation just be that your trustee feels that they need a little more control over the process? I doubt that they'll be going back on a deal that has already been agreed?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
05/03/2013 10:22 am
Is the house being sold to your daughter at less than its full market value, manatbushk? If so, then I can see why your trustee is likely to have a problem with that. Unless the full amount of the debt plus interest plus costs and outlays of the trust deed are covered then the trustee is going to want to ensure that they get as much as they can from the sale.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
