Hi again

many thanks for all the advice you have given me in previous messages.

To recap my situation, my wife and I split up, I informed my trustee that I no longer wanted to live at the family home (for various reasons). My wife left to go one way while I was requested to hand over the keys to my IP. Since then I have rented an appartment and have done my utmost to keep to the terms of the TD. I have only missed one payment (at the height of the separation) on their agreement, I have maintained the payments for just over a year.

My worry is my property. My IP instructed their solicitors and estate agents to sell. I will now lose all the equity which is (at the current asking price) a few thousand more than the original TD required. This doesnt bother me, however, its now about 6-months or more since I left, and with the market downturn I suspect they may be very lucky to get the price they are asking. As I am unable to get access (they changed the locks) I worry about it.

The property is in a sought after area and it will eventually go. My IP has been excellent in that they stopped the horrible calls from the mortgage provider and for that I am grateful, as I am not in this situation through choice, and its tough to surrender your home.

Saying that would you know, if it is not selling, if the mortgage provider will initiate repossesion proceedings, and if so when would that be, or is it likely that they will let the trustees dispose of it in due course.

Part of the same worry is that 'if' it is repossesed or sold at a much lower price than will satisfy my original equity release, will my trust deed be extended to meet the equity shortfall.

Any help will ,as always, be appreciated

JS