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Topic starter
06/07/2017 4:38 pm
Hi
Just wondering if anyone has any success stories regarding mortgages to give me some hope?!
I've been advised by 2 credit unions they will consider me a year after discharge, I just hope it's not too good to be true. I was discharge in February this year, my husband was discharged in January. All our defaults are marked as settled. I'm hoping to apply next February which will be a year from discharge. Just wondered if anyone had managed to secure a credit union mortgage?
🙂
06/07/2017 4:59 pm
Hi lp24.
I know David has referenced one credit union here before that will consider an application a year after discharge.
I think we've also heard from a few people who have obtained a mortgage a year after their discharge, though I don't think this is the norm and the product range available is very limited.
Hopefully someone can share something positive with you soon.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
07/07/2017 2:17 pm
Hi lp24,
It’s positive to hear that credit unions will consider you 1 year after your discharge. This is what I was told by Glasgow Credit Union a couple of years back. I think if they credit unions have told you think directly then it should be fine. They did advise me that a client must also meet the rest of their lending criteria.
There are a number of people who have posted on the forum about going onto secure a mortgage following their discharge but the main things are time, ensuring that your credit report is up to date and default dates are accurate and also a good deposit. If you do all of that and can wait the time I’m sure you will go onto by a house so try and stay positive.
David is not currently posting in the Trust-Deed.co.uk forum
