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Just Joined

1 Posts

Posted - 30 August 2019 :  18:37:19  Show Profile  Reply with Quote
Hi I am 3 years into a 7 year TD. 4 years and 3 year extention for equity in my home. Is it possible after the 4 years that I can pay extra monthly to reduce the extention time? Or is it possible for a 3rd party to pay extra monthly after the 4 years to reduce the 3 year extention? Thanks


David Tannock
Trust Deed Expert

2323 Posts

Posted - 30 August 2019 :  20:39:41  Show Profile  Reply with Quote
Hi Romy and welcome to the forum.

Yes at the end of the 4 years you or the third party can increase the payments to reduce the timescale for the payment of the equity.

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