Trust deed help please

[lucy1986]

New to this and not sure if im in the right place but needed some advice on Trust Deeds. I am starting an application with a company.. does it matter what company or do they all pretty much do the same? They say if my houseis in negative equity I will stillhave to pay £500 as they take into account that I might get some equity over the course of the Trust Deed. Is this the same amount with every company? Thanks

[honeybee13]

Hello Lucy, welcome to CAG.

 

If you're asking about bankruptcy, then you've posted in the right place.

 

My best, HB

[sequenci]

New to this and not sure if im in the right place but needed some advice on Trust Deeds. I am starting an application with a company.. does it matter what company or do they all pretty much do the same? They say if my houseis in negative equity I will stillhave to pay £500 as they take into account that I might get some equity over the course of the Trust Deed. Is this the same amount with every company? Thanks

 

Hello there.

 

Trust Deed companies are NOT all the same, in fact there are some out there that do a very poor job. Who is it that you've gone with? Have you started the process? The reason I ask is that there are some massive changes to Trust Deeds next month which may things significantly more transparent - especially where the home is concerned. You would do well to try and hold off for a few weeks.

 

How much do you owe on the debts?