We have been paying £250 per month each but all of this has been used up in fees by the company organising it so we have paid nothing towards the debt of approx £73k.
We are 51 yrs old and when the trust deed finishes I wanted to keep the house but my husband says we can't afford to borrow the 73k to keep it. We both work full time and have a 7 year old son.
If we sell and pay the 73K and pay off mortgage we will have nothing for a deposit on anything else and we are too old to start over like that.
I thought that if one of us bought out their trust deed before Sept then it would be more difficult to make us sell.
What is the best way foward bearing in mind I would like to keep the house?
Also, we have queried the fees repeatedly throughout the Trust Deed and are speaking to a another solicitor about them - but is £500 per month fair to administer two straigtforward trust deeds?
Look forward to hearing from you all on this.