Hi Chillypink.

Our thoughts about this topic are here:

https://www.trust-deed.co.uk/repair-your-credit-rating.html

There’s so many factors involved it’s best to speak directly with a mortgage broker.

You also need to make sure your old accounts are recorded correctly as this may have an impact even if they are closed, you will struggle to get anything before this is off especially at 10% deposit (you can google the [lenders] lending criteria, this will give you an idea of the general high street criteria through intermediaries which is usually 6 years since starting IVA, PTD, Bankruptcy and you must be discharged) . Below is from another thread

you can get free services for credit reports to check your data

Clearscore = Equfax
MSE Credit Club = Experian
Noddle = Call credit

The dates of all your accounts are important. Make sure every default date is the same as the day you signed your PTD
Make sure all of your default accounts are marked as settled or partially settled from the date you were discharged.

You can write to each of your creditors to amend as necessary and if they don't you can complain to the ICO https://ico.org.uk/your-data-matters/credit/

everything will then come off on the 6 year anniversary and you should be good to go.

Hi thanks for this. I'm being told that it's your date of discharge that matters and not the date you entered into the Trust Deed? Is this the case? I've been holding off till my 6 years are up and now I'm being told that it's my discharge date that matters, which is only 2016.

That's certainly a very important factor Chillypink.

For example, we've only heard of one or two mortgage lenders who will consider applications from someone who has been discharged for a year.

The more years you've been discharged, the more mortgage products are likely to be available to you.

Hi thanks for this. I'm being told that it's your date of discharge that matters and not the date you entered into the Trust Deed? Is this the case? I've been holding off till my 6 years are up and now I'm being told that it's my discharge date that matters, which is only 2016.

The time since discharge seems to be an important factor for many lenders Chillypink.

I depends on the lender however, in my experience in the last few years they either want you to be discharged and 6 years from the date you started your PTD or three years from being discharged. So this would be more or less the same thing until the 4 year PTD was introduced.

There are a couple that will go for one or 2 years (some credit unions and higher rate lenders)

Example from one High Street Bank

"The Credit History question should be answered as ‘Yes' if any customer has had a Bankruptcy / IVA / Debt Management Arrangement or Debt Relief Order which was:

Registered within the last 6yrs (whether now completed or not)

Or

Is still outstanding (whenever this was registered)

If a Bankruptcy / IVA / Debt Management Arrangement or Debt Relief Order was registered over 6yrs ago and is no long outstanding, the question can be answered as ‘No’"

And here is a different High street lender.

Eligibility questions
If you answer yes to any of the questions below, unfortunately we will decline the application.

Are the customer(s) unable to provide written confirmation of all types of income, which will be used in the application?
Is this a Buy To Let application?
Is this a Guarantor application?
Is this a Shared Equity mortgage not offered through the Government's Help to Buy scheme?
Is this a Low Cost Housing Restricted Resale Covenant application?
Is the property being purchased by, from or connected to a Property Investment Club?
Are all the customers applying unemployed?
Are any of the customers under 18?
Will the end of the mortgage term exceed any applicant's 75th birthday?
Will an occupier who is not an applicant on the new mortgage application be paying a lump sum towards the purchase of the property?
Will the customer or their immediate family live in less than 40% of the property either on completion of the mortgage or at a later time?
Is the customer remortgaging an Alliance & Leicester mortgage to Santander?
If this a remortgage application, does the customer currently not occupy the property?
On completion of this mortgage will the applicant(s) own five or more properties that are mortgaged?
Is this a type of property or loan that we do not lend on?
Also, has any customer on the application ever:

had a property repossessed by a mortgage lender?
been bankrupt or subject to an IVA?
had a criminal conviction, unless the conviction is for a minor traffic offence, or spent under the Rehabilitation of Offenders Act 1974?

Thanks everyone, I am having a melt down at this end. We really need a mortgage now as we have sold our house and honestly just thought someone would give us a mortgage. How very naive of me. I am waiting on one non high street letting me know if they can help and if not I will go to a broker and hope for the best. Thanks for all the input.

Melt down, must be the weather! All is not lost have you tried a credit union this is from the Glasgow Credit Union.

"I have had previous credit issues, does this mean that I can’t get a mortgage?
No. Speak to one of our mortgage advisers to discuss your individual circumstances.

I have signed a Trust Deed – can I still get a mortgage?
If you are currently in a Trust Deed, then you cannot apply for a mortgage. If you have been discharged for 12 months or more, then you may be eligible to apply (subject to our usual lending criteria). Speak to one of our mortgage advisers to discuss your individual circumstances.

I am in an IVA – can I still get a mortgage?
No, you would need to be discharged for 12 months."

Lol pingpong if only it was the weather!!! I'm on the case and will keep you updated. Keeping everything crossed in the hope I can get approved by someone.