Hi Nora

I am not sure the infomation re the equity is correct and especially if they are accepring £500 as opposed to £5k.

In answer to your question, I think it would be very unlikely for your trustee to allow you to sell the property on the basis that you may continue payments if you move abroad. Your trustee has an obligation to protect the interests of the creditors and I think the agreement to sell would be unlikely as they would require to sign the disposition for any sale.

mark

Hi Mark the £5000 was to be ignored as that would be used up by cost of sales... even if I would stay here it would be very difficult to pay the morgage, Trust Deed payments and all utillity bills so I dont neccesary need to move abroud but I dont know if I can keep up all the payments, I would keep to the agreement I signed and I know the country were I would move to (if possible) would honour that. It is just difficult to say rent my house out for the remainder of the agreement and not living in the UK. Thank you for your reply.

Hi Nora1304.

I think you should have a chat with your trust deed firm.

They will not want your trust deed to fail if it can be avoided as that does not suit you, them, or your creditors normally.

You may find that they are happy for the property to be sold, though any profit from the sale would likely go to helping to repay your creditors.

There is also no reason why your property couldn't be rented out that I can think of.

Have a chat with them and let us know what they say.

Thanks for the update Nora1304, I hope everything works out the way you prefer.

Hi Nora1304.

I think you need to review your thoughts about this with your trust deed firm before making any final decisions.

If you have no personal case contact at this time perhaps you could write personally to your trustee to ask for approval for your plans?

Thank you TDA I will try my best to put something in writing...