Scottish Trust Deeds Help and Advice

weelassie_2

Hi,
Can you go to the council and explain the property is empty, you haven't access anymore and that the trustees are responsible. Charging 50% is whats done if you have a second home, isn't it? I'm not sure on the legalities of it all, just saying what i think. Hopefully someone will know the correct information for you.

just_so_2

weelassie wrote: »

Hi,
Can you go to the council and explain the property is empty, you haven't access anymore and that the trustees are responsible. Charging 50% is whats done if you have a second home, isn't it? I'm not sure on the legalities of it all, just saying what i think. Hopefully someone will know the correct information for you.

The council are having none of it. I'm liable and thats it. I got an exemption for 6 months Full water & sewage charges, and 50% discounted for the rest of their 'services'.If I could access it I wouldnt disagree but I'm not allowed in. My IP know about it and they more or less have told me to pay it.

You mean like a politicians second home :rotfl:

Miss_Poohs

haggisAThome wrote: »

hi miss poohs

what have you been having problems with miss poohs

What have I been having problems with? Well he's tall, greying, in his 50s and hopeless with money!! LOL

Don't get me wrong the DAS is a smashin idea - but the payment is in excess of £500 a month for the next 12yrs!! :eek:

We just can't hack it.

We have a debt councillor coming to the house on Wed, the same on who set up the DAS, and we plan to talk bankruptcy - well my husband does, its all his debt.

Are you happy with your arrangement Haggis?

haggisAThome

oh pooh,s you poor bu66er ! , i hope things get better for you both . 12 years !!! bankruptcy is a very big step you not thought about a iva ?

but at least you dealing with it , both of you . better than sticking ones head in the sand . i had a email from pay plan today asking if my wages have gone in to my new bank account , so sent one back saying all present and correct . then got one back not more than 10 min later saying she was going to inform hsbc and that was the start ... i am bricking my self a little now but at the end of the day i have nothing to loose , i actually have 200 pound saved a month . we have 80 quid of electric in the token meeter , i actually feel as if i am getting some were and its only just begun . granted the eta for paying them off is 2016 so longs they don't start whacking charges and interest on .


And that is the crunch , is it not ? atm i feel happy , but i know that will change when Christmas starts ( sorry for swearing )


i really hope your tall , graying , 50,s & hopeless with cash bloke is also feeling ok and remind him there is light at the end of the tunnel .... just remember the tunnel is a bit long

:beer:

gdl1_2

Hi there i wonder if anyone can give me some advise. I apologise if i've missed the answers elsewhere in this thread or others.

I was released from a trust deed in feb this year, i have recieved a copy of the letter sent to creditors but not a release letter.

I have moved in with my girlfriend and we are looking to buy a house together probably early next year. She owns her current flat and would have aprox 30-40k equity from it to use as a deposit. What i am looking to find out is will we ba able to get a mortgage together? She has no credit problems and i dont want my history and credit rating to damage hers. We also dont want to wait a further 3 years (or is it 6) for things to drop off my history. Between us we have approx £2500 per month income and other than hp payments on my car which end in 3 months we have no other debt.

Can anyone help?

thanks in advance

fatgit

I am in a Protected Trust Deed at the minute that is finishing early next year.

It started in early 2007.

Out of interest, I have got a copy of my credit file.

As expected, the PTD shows on there.

For example, the date it started was 10 Jan 2007.

However, in the same part of the credit file it says 'Satisfied: 27 Feb 2005'.

Does anyone know what this means? Has anyone else seen similar on their file?+-

strangers1

Hi There,

Me and the Mrs have just finished our 36th payment in June, not had the release papers yet. We have been living with her mother since 2001 and bought her council house in 2003 in her name with us paying the mortgage. She has just passed away last week and i was wondering where you think we should go with this, any advice will be grateful.

ps She has willed the property to my wife .

lmclean100

Hi

I'm new to the Scottish Trust Deeds site. I've got a few questions.

I've tried to get a remortgage - I've got a mortgage and a secured loan on the house. The remortgage was with a different mortgage company but they undervalued the house by approx £25K, saying that as no houses like ours had sold since 2004 they couldn't give an accurate figure. Halifax had valued our house about 4 weeks previously at the higher amount but the new mortgage company won't accept their valuation which I quite understand.

Anyway the new mortgage company only offered 66% LTV, which isn't enough to pay off the original morgage and the secured loan - it's £3K short and the secured loan company won't accept this as they say it goes against their new guidelines.

On top of this I've got about £22k of debts in various credit cards and one loan.

I'm thinking about a Scottish Trust Deed as I've got my mother living with me and she's got Alzheimers which is pretty stressful on its own without the worry of the debts as well.

I'm a bit confused about what happens with the house. Please let me know if I've got this right. The Trust Deed runs for three years and you pay all of your available income to it to pay off your debts and just before the end of the 36 months, the amount outstanding on your debts is paid off by you remortgaging or getting a secured loan on the house. This is where I'm a bit confused - if you need to get a remortgage or secured loan one of the questions they ask is are you on an IVA or Scottish Trust Deed and if you are they you are refused.

Would you be able to explain this to me?

Thanks

sgx.saint

Hi All.

Quick question regarding Trust Deeds.

Before actually signing my life away to the Trust Deed, can you agree with the Trustee the monthly repayment amount?

For example, if you disagree with the amount you would have to repay, can you walk away from the agreement?

beanielou

AFAIK yes you can.If you havent signed anything there should be no ties.
It can be amazing the difference in amounts suggested by different practitioners.