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Scottish Trust Deed Forum
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Topic starter
04/02/2015 9:37 am
I have been discharged this August from my 4 year trust deed. Is it at all possible to consider getting a mortgage anytime soon? I have just over a 5% deposit to put down.
Thank you
04/02/2015 9:46 am
Hi charlie girl
The subject has came up on the forum many times and the main problem will be that the trust deed will still show on your credit file. Once this drops off, then the may be a better chance of securing a mortgage.
There are a number of factors involved in securing a mortgage and the size of the deposit seems to be among the most important. It may be that a mortgage broker can look into this for you, although your credit file will prove to be a major stumbling block at this time.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
04/02/2015 10:57 am
Hi charlie_girl.
You might find the following article to be a useful read:
https://www.trust-deed.co.uk/repair-your-credit-rating.html
Saving up the very biggest deposit that you can will give you a better chance (and potentially a better deal) when the time comes.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
