Added to Title deeds when in a Scottish Trust Deed

Elle1984

Hi there,

I'm currently in the 2nd year of a Scottish Trust Deed which sadly I had to take out due to various issues (ex partner!!)

My husband has been offered a gift of some money to purchase a property outright which we would of course very much like to do.

Can I be added to the title deeds of a property whilst in a Trust Deed or is it likely that they will expect us to release equity to pay off my debtors.

I also want to add in case anyone thinks I'm trying to dodge around paying my debts back, I have been doing this regularly and will continue to do so, this money is being offered to my husband on the condition of it being for a property purchase.

Thanks

Pixie5740

Personally, if I had so much unsecured debt that I was now in a Trust Deed I would avoid being added to the title deeds. 1) You must tell the insolvency practitioner of your windfall. 2) If your Trust Deed fails for some reason you could be forced into sequestration therefore risking your home.