Could You Be Eligible for a Scottish Trust Deed?

Basic things that are usually considered

• You normally need to live in Scotland or have a qualifying Scottish connection.
• You usually need unsecured debts that cannot realistically be repaid in a normal timeframe.
• You normally need some affordable disposable income after essential living costs.
• You need to be able to maintain the proposed arrangement.

Can homeowners still qualify?

Yes, but homeownership is one of the most important risk areas. Your trustee will consider property value, mortgage balance, secured lending, and likely equity.

When a Trust Deed may NOT be suitable

• Your disposable income is too low or too unstable
• Your job or professional status could be negatively affected
• You have high home equity that creates risk
• Most of your problems are priority debts rather than unsecured debts

Questions to ask before you proceed

1. What exact debts will be included?
2. What happens if my income changes?
3. What happens if I miss a payment?
4. How will my home equity be reviewed?
5. Could DAS or another option be safer for me?