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Scottish Trust Deed Forum
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Topic starter
11/08/2016 3:23 pm
Hi unusual question I really need some help with I completed a trust deed in December last year (that said it was never explained what the trust deed actually was just told I'd be debt free not the consequences before it was too late)
Anyway I have inherited a house worth £250k but need £125k to pay off my brother and thought remortgage would be the way. House is signed over to me and partner and we earn 32k a year together.
Is my hope achievable ? Thanks
11/08/2016 3:28 pm
Welcome to the forum Spike1983.
So the question is whether it will be possible to obtain a mortgage relatively soon after completing a trust deed.
The more recent your discharge, the more difficult this is likely to be. In previous discussions here, there's only been one lender mentioned that will consider applicants for mortgage from one year following their formal discharge.
That having been said, we're not mortgage experts. It would be best to get in touch with a mortgage broker at some point to see whether they can assist you (or perhaps when they might be able to assist you).
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
11/08/2016 4:04 pm
Hi thanks for the quick response, I've got a mortgage advisor on the case. Just feel with £250k equity this is unique and an opportunity.
I don't deal with any money and all my wages go to my partners account.
11/08/2016 6:02 pm
Hi again.
With so much equity in your home, even after a mortgage of that amount, it seems there's very little risk to any mortgage lender.
Having said that, sometimes policies and criteria seem to get in the way of these things.
I hope you find a workable solution.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
12/08/2016 2:54 pm
Fingers crossed Spike1983 - let us know how you get on would you?
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
