Scottish and English debt laws are different, so if you are a Scottish resident and have questions on debt, then this is the place to post.

Moderators: TalbotWoods, JaneClack

By irene
#58721 hi ,could anyone please answer this question for me ,
i was reading on the posts and was wondering why the trustee checks with the inland revenue at the end ,whats that for ?and at the end the amount i have been paying for the equity for the house what if it doesnt cover . what would happen then
thanks for any advice
By Mel_Odious
#58728
irene wrote:hi ,could anyone please answer this question for me ,
i was reading on the posts and was wondering why the trustee checks with the inland revenue at the end ,whats that for ?and at the end the amount i have been paying for the equity for the house what if it doesnt cover . what would happen then
thanks for any advice


Hello Irene and welcome to the DQ Forum.
I am no expert on Trust Deeds but I would imagine that the Trustee would want to check that your actual income is the same as your stated income. It would not matter if the remortgage did not cover the amount of debt, they would still be settled.

Mel