📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Child Trust

Options
Hi. My mum is moving abroad in the next couple of years so I need to look at getting a mortgage soon.

I have got £2000 saved for a deposit at the moment.

I have a child trust fund set up of £4000 that I will be access at the age of 21 (I am 18 at the moment)

I am wondering if there is any way I can apply to release this amount early because of my situation?

Thanks in advance.

Comments

  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Enquire of the Trustees? In particular if they (or one of them) established the Trust.
    If you want to test the depth of the water .........don't use both feet !
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.