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Scottish Trust Deed Forum
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Topic starter
13/06/2019 10:34 pm
My wife and I will be looking to remortgage next year, the current mortgage is in her name but I'll need my income to remortgage or get a new one on another place.
I'm looking on advice on a failed trust deed I have, I entered it in 2012 and failed shortly after so that was 7 years ago. O have kept decent credit in the 6 years since then so my score isn't that bad.
Will this effect me getting a mortgage, will the provider be able to find this out, will I have to resolve it before hand? If I do have to resolve how would I go about it?
Thanks
14/06/2019 9:39 am
Chances are they won't be aware of the trust deed as it shouldn't show on your credit file any longer. However, if you had a debt with them back then then they would have been made aware of the trust deed then and may still have a record internally against your name.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
14/06/2019 11:56 am
Hi,
When you say your Trust Deed failed what did you do about the debts? Did you enter into another plan to deal with these?
If your credit report / file looks positive and there isn’t any defaults on it then I think you would stand a good chance of securing a mortgage. If there are any defaults or negative information it could make it more challenging.
It might be a good idea to reach out to a financial advisor to speak with them about your situation and they can give you some advice too.
David is not currently posting in the Trust-Deed.co.uk forum
Topic starter
14/06/2019 7:03 pm
I never heard from the creditors after the trust deed failed, I believe they were 1p to the £1 and that's all I heard, they never contacted me and I never contacted them or do anything else.
The debts were showing as defaults until about 3 years ago but everything has fallen off my report since then.
17/06/2019 11:25 am
If it’s all fallped off of your credit report then you might be fine securing a mortgage.
Let us know how you get on.
David is not currently posting in the Trust-Deed.co.uk forum
