- Fri Jun 22, 2012 7:19 pm
Hayden and Geraldine have given good advice already. As Hayden has said, there is absolutely no need for you to start a DAS before you apply for a Trust Deed and as Geraldine has rightly pointed out, only your half of any home equity will be taken into account. Have you spoken to a debt expert about your situation? I advise that you do this and if you do decide to go ahead with the Trust Deed application, then you make sure you get in writing how your home equity will be dealt with. Generally speaking the equity in your property should be calculated and frozen at the time your Trust Deed starts so you know exactly where you stand.
Senior Debt Expert and FCA Approved Person
Want to talk to me about your debt problem?
Call me on 0800 077 6180 or drop me an e-mail: firstname.lastname@example.org