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Scottish Trust Deed Forum
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Topic starter
13/05/2012 7:21 pm
Hi
I would really welcome any comments from anyone in my situation. I am about to end my Trust Deed in 2 months (Hooray!) and I want to move house. Will I be able to increase my mortgage once the Trust Deed is discharged. I spoke today to an 'indepedent' mortgage advisor who said I would not get a mortgage with a Trust Deed on my Experian file. The strange thing is, my Experian report today gives me a credit score of 'excellent' and also lists the Trust Deed with all the defaults associated with it. I was hoping that a mortgage was a 'secured' debt and would be ok, especially as I have managed to budget each month and will have the Trust Deed payments to pay the extra mortgage.
Any advice would be gratefully welcomed.
13/05/2012 9:51 pm
Welcome to the forum outatlast and congratulations on reaching the final stages of your trust deed.
Really its mortgage adviser rather than debt adviser help that you need with this question. If the first one seemed too gloomy I'd speak to another.
Being newly out of a trust deed may well restrict the options open to you and/or make a difference to any terms that are offered to you. There are also lots of non trust deed factors such as how much you earn, the loan-to-value mortgage that you are looking for etc.
I do wish you well and hope you can find a broker who will work with you to make this move possible not too far into the future.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
13/05/2012 11:20 pm
Your score is only a small part of it. Having the trust deeds and associated defaults on your file will really hamper your chances of success in gaining new credit.
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
