Trust Deed fees

We will only charge you a fee if your Trust Deed becomes “protected”, i.e. it is accepted by your lenders.

All fees are paid out of – not in addition to - your regular affordable monthly payments.

Once your Trust Deed becomes protected, the fees you will pay are:

1. A fixed fee
2. A percentage of realisations
3. Costs/expenses

Fixed fee

This fee covers the Trustee’s professional charges for arranging your Trust Deed, including preparing your Trust Deed and presenting it to your lenders for protection.

The fixed fee will not normally exceed £2,500 and will always be the first cost that is paid out of your regular contributions, and before any payments are made to your lenders.

Realisation fees

A realisation fee is what we charge to cover the on-going work involved in running your Trust Deed. Our fee is normally between 15% - 20% of the total amount of money you pay into your Trust Deed. This can include your regular payments, any assets (e.g. the equity in your property or vehicle) and windfalls (e.g. an inheritance). Because our fee is calculated based on percentage, the total amount payable will vary from customer to customer.

Costs

The Trustee is also entitled to claim back the cost of certain expenses (such as postage, insurance, etc) incurred in connection with the running of your Trust Deed.

We will set out exactly how much we will charge in your case within the terms of the Trust Deed you sign and before we seek your lender's approval.

Here's a breakdown of the fees for a typical client who owes £19,927 to their unsecured lenders and can afford regular monthly payments of £168 into a Trust Deed lasting four years.

New Monthly Payment	£168
Over 48 months	£8,064
Fixed Fee	£2,262
Realisation fee (see above)	£1,527
Trustee costs and disbursements	£1,100
Total to be paid (including fees mentioned above) This example assumes that there is no equity in any property owned by our client, and that they do not receive any regular overtime or bonus payments.	£8,064