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Topic starter
14/02/2017 11:08 am
Hi everyone
Looking for some advice, signed trust deed in Aug 2012 and was extended due to equity in our home. Managed to pay equity of earlier with help from family member and received my Form 5 Dec 2016. YEAH!!
Not sure how to move forward now, have a vanquis credit card (soley to rebuild credit score)
Do I need to send a copy of Form 5 to the AIB or is it still another year before I will fall of the register with them?
I am aware I have to write to my creditiors re default dates and I am in process of getting that info from Experian.
Also desperate to move house, have a "good" desposit.
Has anyone got experience in applying for a mortgage this early post discharge?
Thanks
14/02/2017 11:16 am
Welcome to the forum jmac.
Congratulations on completing your trust deed.
You'll remain on the Register of Insolvencies for one year after your trustee has been discharged. This will happen some time, potentially quite a long time, after your own discharge.
You may not need to write to your creditors regarding default dates if they're all set at (or very close to) the date that your trust deed began.
Getting a mortgage (and getting a mortgage on decent terms) will become steadily more viable over time. The sooner it is after your discharge, the fewer lenders are likely to accept an application. There's so many factors involved in this though that we'd always advise you to reach out to a mortgage broker for their advice. Our article about mortgages after trust deeds can be found at:
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
14/02/2017 11:18 am
Thanks I am not very hopeful re: Mortgage to be honest!
Will have a read at the link, thanks again.
