Congrats.
I am 75% there.
October 2014 final payment.
Peroni for me !

Hi, go to Noddle, it's absolutely free, I did it earlier and got a fright and I've posted for some help so it's well worth using them!

Great news. Its worth applying to all 3 main agencies, equifax, experian and call credit (noodle) for your £2 statutory report as they may all have differeing info.

I would leave it for a couple of months to allow records to update themselves though.

Paul

That's brilliant boys1211. Congratulations.

You've had lots of good suggestions about credit reports already.

When we looked into this we thought CreditExpert was probably the best (though by no means the cheapest) option when checking your file is accurate. Leaving it a month or two is good advice. Free trial (and some more thoughts) at:

Updated Link 2020: https://www.trust-deed.co.uk/repair-your-credit-rating.html

I think I may try that credit expert trial but will wait until may when our TD should drop off our files,cant believe thats been almost 6 years from our first visit into the citizens advice bureau!!!

Anyone looking in thinking its all too good to be true please seek advice and find out what options you have to deal with debts,dont let them ruin your life.

Paul

Hello boys ( I still enjoy typing that!)

What a great positive post.

Glad it all worked out and I bet the time fairly flew in ( hopefully)

Mark

I love reading posts like this... we have 7 payments to go and I am amazed at how fast the time has went! just hope this final hurdle is as fast 🙂

Hi boys1211,

Well done on the successful completion of your Trust Deed's.

As plasticdaft points out, sometimes Trust Deed's can have the ÔÇ£it sounds too good to be trueÔÇØ title but providing the proper steps are taken at the start then a Trust Deed can and does work.

Good luck for the future and enjoy the spare cash.

Thanks for your replies guys. Paul I can honestly say that our debt was ruining our marriage & home life not to mention health!! It's just a relief to get it out the way.

Next step for us is a fab holiday in June, the 1st for several years, and the 1st ever paid with hard cash !!!

After that we are planning to get a wee bit savings & then batter into the mortgage. Really need to move house, hopefully in next 18 months or so. Just hoping by that time we will be able to get another mortgage? Any thoughts folks? We will be 5 years post signing, not the magical 6. Is it doable if we have decent deposit ???

boys1211

I guess it's just the standard non-committal answer regarding a mortgage I'm afraid boys1211.

The trust deed will be a factor, but so will many many other things like:

1 - How your credit record develops.
2 - Your income compared to the mortgage you're looking for.
3 - The perceived affordability of the mortgage you're looking for.
4 - The perceived security of your employment.
5 - The loan-to-value of the mortgage you're looking for.
6 - Whether lenders have eased or tightened lending criteria by then.
7 - The way the FCA is regulating mortgage providers at the time.
8 - The type of property you're looking to buy.

When it gets closer to the time you're hoping to move it might be worthwhile running everything by a mortgage broker to see whether any mortgage products that are in the market then will fit your needs.

Thanks so much TDA....do you never have a lunch break ???

Our mortgage is on NRAM SVR at the moment probably got about 10-15% equity. I was thinking after summer going to a broker to see if we can secure a better deal. Surely there's no harm in asking?? Or is there..??

No harm in asking at all boys1211.

You'll want to check the fee structure of the mortgage broker you use first.

Some might charge you a fee for an initial consultation and advice.

Some might charge you a fee (and get paid by the mortgage lender) only if they actually arrange a new mortgage for you.

Some will not charge you a fee at all, relying instead of the fee they receive from the lender if they get you a new mortgage.

Interesting that you mention about lunch breaks. Every weekday there's a big spike of traffic to the site during lunchtimes. I think there's quite a few of us on the forum with a sandwich next to us!