Protected Trust Deed
If you have decided to apply for a Trust Deed it is important that you are fully aware of all details related to the Trust Deed before signing and you should also be familiar with the company you sign with. There are many companies out there who can help you enter into a Scottish Trust Deed, the important aspects to consider when deciding who to go with should be:
Where are they Located?
It is important to choose a company close by and know that they will be easily reached should you need to speak with them. Most people prefer to deal with a provider in Scotland rather than a company down south who may not be as easy to get hold of or visit in person should you feel you need to.
Are they helpful?
If they company are helpful and fully disclose all information answering any questions you have when you make your initial inquiry it’s a good indicator of how they will deal with you in the future. Remember, this is the company you will be dealing with for the next few years during your Trust Deed so it’s important they are friendly and attentive.
Do they have a good reputation?
Do a search online to see if any of their other clients have given them a revue (make sure it’s a genuine one), knowing how they have dealt with clients in the past is a good indicator of how you will be dealt with as one of their clients.
You should seek advice from multiple companies and compare how you feel when speaking to the adviser on the phone. Many Trust Deed providers have recently come under scrutiny from government bodies such as the AIB for forcing people into Trust Deeds without giving them full advice on what other options may have been available, keep this in mind when discussing your Trust Deed application with any companies, if they are trying to ‘sell’ you a Trust Deed it should raise a red flag!
One Last Note: Make sure they are licensed by the Office of Fair Trading