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Scottish Trust Deed Forum
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Topic starter
28/11/2015 11:33 am
Hi been looking at this great forum watching from the sidelines!! now I am ready to send questions .I have been discharged now for 6 years .my credit report shows exellent on expedia. my wife has just completed her trust deed and has been realesed 3.4 months ago .we are thinging of moving, we have had our morgage with same company 9 years now but it's joint account , scared to ask our morgage company for any info on new morgage offers just incase we get refused would appreciate were to go with this ;we don't to borrow any more than our existing morgage is but it's just if we go looking some were else there might be questions especially with my wife being just released
28/11/2015 12:06 pm
Welcome to the forum Ali j.
If you're not looking to borrow any extra money, your existing mortgage lender may well not credit check. They're not taking on any additional risk - indeed they may be reducing their risk if they ensure your mortgage payment remains affordable.
I'm afraid I think it would be tough to get a good value joint mortgage from a different lender with your wife having been discharged so recently.
Might your earnings alone be sufficient to get the mortgage you need in your name only?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
28/11/2015 12:16 pm
thank you for your quick reply : my salary yes would be enough for a house .as my wife has not earned for a few years .so could u just ask my self with a different lender to see wgat they would say
28/11/2015 12:29 pm
I'd get in touch with a mortgage broker locally Ali j.
They'll be able to target the lenders most likely to be able to help you.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
Topic starter
28/11/2015 12:47 pm
How would I go about that ? if I was to ask for morgage on my own and not putting my wife on it would they ask questions
28/11/2015 12:55 pm
Ideally get s friend, family member, or colleague to recommend someone local to you. Otherwise there should be plenty you can find in local phone books or online.
I don't think it's uncommon for people to take out a mortgage in one name only - but that's probably a question to ask a broker as we're not mortgage experts.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
Topic starter
28/11/2015 12:58 pm
thanks very much TDA
30/11/2015 9:45 am
Hi Ali J,
As your wife hasn't worked for a number of years and only recently been discharged I think it may be difficult to secure a mortgage in joint names with a different lender. I must say though that I'm not a mortgage advisor so could be wrong.
If you do apply for a mortgage in your own name and they ask questions I think it's a perfectly valid point that as you wife isn't working you didn't do a joint application. This is where a good mortgage advisor will be able to advise you.
Like TDA has advised, you want to speak with a mortgage advisor. This could be someone independent or you could speak with a bank and their own mortgage advisor. If you use a bank's mortgage advisor they will only offer their own products to you. An independent mortgage advisor should look at all of the lenders and products that is on the market.
Some independent mortgage advisors can charge a fee for advice and some can be paid via the mortgage. Again, something to keep in mind.
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