Hi sharon21 and welcome to the trust deed forum.

Getting a new mortgage soon after the completion of your protected trust deeds is likely to be tough.

You'll probably need some time to pass while you actively go about rebuilding your credit histories. Your mortgage and phone contracts are likely to be helpful with this.

You'll also want to enlist the help of a mortgage broker to tell what what mortgage criteria exist at the time that this all becomes relevant.

Importantly as well, if you are moving to a new mortgage lender, you will almost certainly need a significant deposit. If there isn't much equity in your home currently, and the value doesn't increase, this might take a substantial amount of saving up for (the same problem first time buyers are having).

There is some relevant information for you on the following page on this site that you may find helpful:

http://www.trust-deed.co.uk/lifeafteratrustdeed.php

It's a long shot, but you may wish to check in your current mortgage documentation whether your existing mortgage is "portable". If it is you may be able to take it with you to a new property.
If moving is very important I suppose the other option could be to sell and then rent while you rebuild your credit ratings and save (if required) for a deposit.

Thanks for your reply I know still along way from completing our PTD probably August 2013, but just wondered if we would be able to managed getting another mortgage or house as want to move back nearer to family and friends. Our mortgage is a portable one so hopefully could do this, not looking to buy a house alot more expensive as want to pay same kind of payments just get bigger bedrooms or extra one. My main concern was would we be stuck in the same house we are in for years to come, hopefully light at the end of the road.

Hi sharon21.

That could be "problem solved" if the mortgage is portable.

I doubt you'd be able to get additional borrowing added to your current mortgage as part of a move, but a property of similar value might be OK.

There tends to be a lot of small-print with mortgage lenders. You may wish to ask them about the conditions attached to portability.

Depending on the figures involved, you could also consider renting your current home to another family whilst you have little equity in it. You won't benefit from selling in terms of helping with a deposit on a new purchase as your selling costs might eliminate any sale proceeds. This would be especially relevant if a bigger deposit is required or higher rates are charged (Bigger payments)following your Trust Deed ending.

If your mortgage payments are affordable now, can you find out the likely rent and check if it covers the mortgage plus at least 30%.

If you kept the current house but rented to someone else, you wouldn't find it easy to rent from the council so you need to factor in private rental costs near your family. Is the 'going rate' higher / lower than your costs for your current home?

Just some thoughts as the lack of equity/deposit/ mortgage availability might limit your buying choices initially.