Welcome to the forum hostilebear.

I'm afraid to say I think you have almost no chance until after you have been discharged.

Following your discharge you'll have a better chance, but even then many mortgage lenders will have application criteria excluding you from their products for various periods of time.

Sorry to bring bad news.

Hi hostilebear and welcome to the forum,

As TDA has already advised whilst still in your Trust Deed I'm not aware of any lenders that will consider lending to you unfortunately. Even after your discharge it will be at least 1 year before someone would consider you.

Also, if somehow you were able to obtain a mortgage whilst still subject to your Trust Deed then the property would be treated as an asset and your Trustee would look for your share of the equity.

My advice would be to have your partner purchase the property in their sole name and in the future once your credit rating has improved and your discharged look to become the joint owner of this.

Hi both,

I thought this would be the case, but wasn't sure with being accepted for credit. Thanks for the advice David, I think we'll need to go down the route of my partner getting the mortgage for now until I get discharged and repair my credit rating.

When we purchased our property my soon to be wife didn't have any credit and therefore her credit rating wasn't the best. Our Financial Advisor suggested purchasing the property in my name and in the future we could arrange for it to be put into joint names. The concern was if we applied jointly it would be rejected and this could then have a negative impact on my applying.

A good Financial Advisor will be able to tell what is the best way to structure the purchase of the property.

Definitely time to go speak to a financial advisor then. We weren't sure how to go about it if I had no chance, so thanks again for the advice. Hopefully we get some good advice from a fincial advisor and we get a good outcome! We desperately want to get onto the property ladder.

Thanks again David for you great advice.

Make sure you speak with an Independent Financial Advisor that covers the whole of the market.

If you speak with a bank's financial advisor they will only tell you about the banks products and not all of the market.

Try and find someone in your area to speak with about it.

Good luck.