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Scottish Trust Deed Forum
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Topic starter
14/09/2014 12:04 pm
Getting in to serious stuff and looking toward the future. I finished my Trust Deed in May 2011 and am still rebuilding my credit rating. I am thinking now that it's time to get into the real world and consider buying my own property - although I am not 100% sure I will.
What I am thinking about is how difficult it could be to get a mortgage. Could I get a mortgage after my Trust Deed? Not a lot of time to save for a deposit so could I get a 100% mortgage?
Too many questions I know, but would appreciate some advice.
14/09/2014 12:34 pm
Hi neelia.
You'd really need to speak with a mortgage broker about this.
However, saving the largest deposit you can will give you a much better chance and is likely to result in you getting a better mortgage deal.
100% mortgages are thin on the ground because they're risky for both the lender and the borrower.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
14/09/2014 5:35 pm
Its hard for someone with a good credit history to get a 100% mortgage so any colourful historical events on file will stop you in your tracks.
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
