How can a TD finishing in 2016 be removed from your credit file?!

Good luck with the mortgage search, try a broker who does all of market.

It fallped off 6 years from the register d date which was 13/12/10.have rules changed since then maybe??

Hi Twothirdsin.

It's clearly very positive that your trust deed no longer appears on your credit file.

The potential issue is that some lenders will have product restrictions that mean they'll only lend if someone has been discharged, for example, for two or three years.

While the information isn't on your credit record they're entitled to ask about this in their application forms. They may also have kept their own records about personal insolvencies.

I'm afraid the number of lenders prepared to lend while you are less than one year out of your trust deed is likely to be pretty low.

As tinsoldier advised, contacting a mortgage broker is likely to improve your chances of success and reduce the amount of time you might otherwise waste approaching lenders that have stricter rules on this type of scenario.

Thanks for the reply!
Are there any suggestions of any more likely lenders?
We are seeing an advisor this week and had hoped for
Some positive news but maybe that's unlikely?

The Glasgow Credit Union has been one organization mentioned on here in recent times that might consider an application within a year of discharge, but for obvious reasons this lender will only be accessible to a limited number of people.

Beyond that I don't really have any information which is why an independent mortgage broker is likely to be a much better source of help than we are.

I actually have given duff info!!!
I concluded my trust deed in 2013 and was discharged in
2014. I presume this means I may be in a better place?
That's why my credit is all good now?? I was getting confused with
The 6 years for stuff fallping off.
I hope my mistake means this will change to a more positive outcome??
Help!!!

Yes - if you were discharged in 2014 there's likely to be more options.

Fingers crossed for you.

Far better chance of getting a mortgage now!

We secured a mortgage with the Nationwide in 2013 exactly 2 years after I was discharged from my TD. You are in a very good position now.

Hi everyone,

I was looking for some advice. I was discharged from my trust deed in November 2015 however the trustee has taken until now to actually pay off my creditors so the balances are only now beginning to show as settled. If people are able to obtain mortgages after two years can I ask if this was from the discharge date or from the date of settlements/ satisfied?

Thanks

Elle.

Hi elle28.

Many mortgage lenders will have a straightforward rule that they're not prepared to consider lending for, for example, two years or three years after an individual has been discharged from a personal insolvency.

Once they are prepared to consider an application because you have been discharged for long enough they'll also want to review your credit report.

So, effectively, we're probably talking about two separate areas of interest to most mortgage lenders here.