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readyeddie
New Member

4 Posts

Posted - 17 January 2021 :  16:40:33  Show Profile  Reply with Quote
My first annual review of my PTD is due in May, and I was wondering what I should expect. Is it purely a paper-based exercise, or will I be going through another I&E with an advisor? Do they want access to my accounts again?

Kevin Mapstone
Trust Deed Expert



3959 Posts

Posted - 17 January 2021 :  19:51:07  Show Profile  Reply with Quote
Different firms have different processes, readyeddie. Some will send out an I&E for you to complete and return, others have embraced digital technology more and use open banking etc. Whichever way it works, your trustee is likely that to want to see recent bank statements and payslips.

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readyeddie
New Member

4 Posts

Posted - 23 January 2021 :  18:07:28  Show Profile  Reply with Quote
Since the PTD started, my circumstances have changed and I've moved in with my partner to a house where she is sole owner, and a significant proportion of my income goes to her to pay for housing expenses, and splitting the cost of other bills such as car finance etc. Will I need to provide proof of the purpose of this expenditure? Should I arrange some kind of signed agreement with my partner?
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TDA (Debt Adviser)
Trust Deed Expert



13655 Posts

Posted - 24 January 2021 :  20:21:02  Show Profile  Reply with Quote
Hi readyeddie,

I wouldn't overthink this too much at the moment. Just supply whatever information is requested when the time comes.

Trust deed firms will be working with many customers who, like you, pay money to a partner who takes care of the bills.

Your trust deed provider will then let you know if there's any extra specific information that they need for your file.

So long as you're just paying your fair share of the bills there shouldn't be any issues.

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