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?
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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.
Hi lp24,
Itโs 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 Iโm 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