This is a common question that homeowners and vehicle-owning customers ask us when they approach us for Debt Advice, and the answer in most cases is yes. Your home and car are protected, depending on your own situation and the formal debt solution you choose.
In a Trust Deed or the Debt Arrangement Scheme (DAS), your mortgage and car are protected so that you would continue paying them as normal – subject to approval, and completion.
If your house or car were at risk as a result of entering into either a Trust Deed or the Debt Arrangement Scheme then this would be communicated beforehand. However, please rest assured there is a solution for you, reaching out and asking for help can provide you with peace of mind and a realistic answer that gives you the peace of mind to make an informed decision on which solution may be best for you.