Welcome to the forum Mummy04.

Unfortunately I think it's going to be really tough to secure a mortgage within 12 months of being discharged. Lenders tend to become more relaxed about historic trust deeds over time, but for many lenders they might still insist that someone has been discharged for two or three years before they're prepared to lend.

You mention you've tried everywhere. Is that High Street banks that you've approached? The only advice we can offer is to (if you haven't already) approach a mortgage broker who might be able to access lenders that you haven't heard of and/or which only accept applications via brokers. I think they'll be up against it I'm afraid, but there's little to be lost by trying.

Thanks TDA, I think it's ridiculous that I went down the trust deed route trying to sort out my finances that once I'm finished I can't do anything, if I were to go bankrupt and pay nothing towards my debt I could have been able to get a mortgage after 3 years being discharged and the bankruptcy would of only been a year.

Can you recommend any any mortgage brokers that have helped people in my situation previously ? I've tried a couple and due to still being within the year period of being discharged they have said they cannot help.

Hi Mummy04.

I can see why you might feel like that now.

My impression is that mortgage lenders want to assess people's financial behaviour for a period of time after they have been discharged, whether they have been bankrupt or in a trust deed. Questions such as whether an individual is inclined to accrue significant debts again, and how reliably that they now make payments on credit accounts, are clearly relevant to a potential mortgage lender. You're correct that the point of discharge will happen much sooner (usually) in bankruptcy.

You wouldn't have paid nothing towards your debts in bankruptcy though. You'd have been expected to pay for a period of years based upon the same sort of affordability calculation used for a trust deed. Some mortgage lenders would also consider a previous bankruptcy to have been a more serious "event" than a trust deed when considering an applicant.

We don't recommend a particular broker, though people that have used mortgage brokers here are free to name people/firms that have done a good job for them. I'm not sure that there's much actual mortgage product that any broker could access within a year of discharge, especially in connection to right to buy where the available product range will probably be smaller irrespective of discharge date.

Sorry that I cannot be more helpful or positive.

Hi Mummy04. Have you tried your local council? I was discharged December 2015 and the deed doesn't come off my file until June 2019. Like you we were unable to get a mortgage but the local council does housing loans. Was the last option for us but thought may as well try it. I didn't think for one minute as we were using right to buy that they would approve it but they did. So we got our loan to cover the mortgage and in June 2019 we will look to changing it to a normal mortgage. May be worth the ask

Thanks nearlyover I'll give it a try as it could be my last hope 🙂
Do you have any further information on this and how to go about it ?

You may also want to look at Glasgow Credit Union or Capital Credit Union in Edinburgh as they offer mortgages.