Hi poprey Unfortunately I think only your Trustee will be able to answer this. I don't think there's any harm in asking though. Mark
Hi poprey If you signed after 28 November 2013, then you will be required to complete the full 48 months before being discharged. This is in terms...
No problem. I'd be interested in their response as there should be no issues with raising an action of division and sale under a trust deed as far as...
Hi NOGEEGLEE It's certainly a strange route to go down. From the information provided, the Trustee can either proceed with the action as Trustee u...
Hi NOGEEGLEE It's strange that they are going down the sequestration route as the normal process would be to go to court for an action of Division ...
Hi MichelleG Can you clarify exactly what was paid. Was the total sum paid equal to the contribution amount x 48 agreed at the start or was it a l...
Hi MichelleG The £500 credit limit applies only to sequestration and not to Trsut Deeds as there are no credit restriction. Mark
Any restrictions will normally be contained witching the legislation. The credit restriction is in S.67 of the bankruptcy Scotland Act, however there'...
In total, it adds up to just under £85k overcharged. To clarify, a Trustee provides a summary of hours charged per employee on a case over a 12 mon...
I'm not sure if this was a double post, but an offer of purchase is when someone makes an offer to buy your home through their solicitor. Mark
Sorry. If you market the property for sale and a viewer makes an offer to purchase the property then this can be accepted by you, but the mortgage co...
Hi TDA Sorry I should have expanded my reply. I think even with the Trustee's consent, the mortgage company are unlikely to accept an offer of purc...
Hi Cherryblossom1308 Yes, the debt ( mortgage )existed at the time you signed the Trust Deed and can be included. Its called a contingent debt as ...
I think the bottom line is that there are no regulations of guidance to stop you obtaining credit. If the trustee carries out an income and expenditur...
I think the surprising thing is that the mortgage advisor was recommended by the Trustee when they are clearly providing false information. Mark