Hi delpy8 You should have a copy of the original income and expenditure and should highlight the costs agreed at the start of the trust deed to the...
Hi delpy8 The level of contribution should be based on income and expenditure. I note the comments on the decrease in income, however has there be...
Hi elainet1981 Interest will normally be at 8% which can fairly mount up over a period of time. As you say, if there is insufficient equity, then ...
Overlapped by 32 seconds! Mark
Hi elainet1981 The equity is a separate issue from the contribution. If the sale of the property produces sufficient funds to clear the debt in fu...
I think January is always the worst month financially and due to the space between the pre Xmas pay and the pay at the end of January. Mark
Hi Stevies1980 Its probably wise to get this confirmed before doing anything. The normal income and expenditure has an allowance built in for emer...
Hi herewego No, they will rank like any other creditor and have no rights to pursue for the debt. Mark
Hi stevies1980 No, there's no restriction as such. It will be up to the credit union to allow you to open a post trust deed account though. Mark
Hi whitey 6 years in total, so 6 years from the date you sign. Mark
Hello boys ( I still enjoy typing that!) What a great positive post. Glad it all worked out and I bet the time fairly flew in ( hopefully) Ma...
Hi joannet Contributions are always calculated on household income minus household expenditure. It is slightly dangerous to predict a figure wit...
Hi hic2wo The Trustee will be seeking the total agreed at the commencement of the Trust Deed ie 42 x contribution. If the payments were reduced or...
Hi fedup Trustee's are unable to charge 'up front fees' as you state for setting up a Trust Deed. We pay dividends monthly in both our Cardiff O...
Hi Amerififer Yes. Any winnings, inheritance etc is looked at completely separately from the contributions. Acquirenda is assets acquired after t...