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Topic starter
04/11/2009 10:04 pm
Hello,
I paid my last monthly payment towards my trust deed last November and am now looking to move out of my parent house and obtain a mortgage. I understand that this may prove difficult at present especially due to current conditions but my question is, How long do I need to wait after my trust deed ends before trying for something like this? I have my father who is willing to act as a Guarantor for me and also have a ?ú10,000 deposit available. Any help on this matter would be greatly appreciated.
Thanking you in advance for your help
Chris
05/11/2009 12:04 am
Hi Chris,
Congratulations on having completed your Trust Deed.
There is no fixed period of time. The best thing for you to do will be to contact 2 or 3 mortgage brokers in your area and explain what you want to them.
Even in the current difficult lending environment having a decent deposit and a guarantor will work to your advantage.
An alternative might be for your father to purchase a property that you subsequently purchase from him. There are technical, legal and tax issues attached to this so good professional advice is essential.
Good luck.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
05/11/2009 3:56 pm
Hello and thank you for your speedy response. Your help is as always spot on and i thank you for it.
Take care and thanks again,
Chris
