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Scottish Trust Deed Forum
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Topic starter
31/05/2012 5:42 pm
hi new to all of this bare with me myself and my wife split but have recently got back together now we have about £27000 worth of debt but no mortgage arrears yet . paying £120 a month to a dept plan but i was thinking that if my mortgage lender would extend my mortgage the money i would save would allow me to seek help re trust deed any advice
31/05/2012 5:58 pm
Hi gibby
It depends on a few things;
The split of the debts ie how much does each owe
Any equity in the house
Realistic contribution each
I think it's unlikely your mortgage company will extend the mortgage, but may consider changing it to interest only to assist
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
31/05/2012 6:48 pm
Welcome to the forum gibby.
Are you on a repayment mortgage?
How many years are currently left on the mortgages, and what ages are you and your wife?
Is there any equity in your home do you think?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
