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Scottish Trust Deed Forum
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Topic starter
02/04/2010 1:51 pm
Hi my trust deed is due to end in June next year. My partner and I are finding it very difficult to get a house from our local council/housing association and our only option is to buy. Will I ever get a mortgage?
02/04/2010 9:11 pm
If you have a sufficient deposit and enough monthly income then that will go a very long way I'd have thought, the trust deed on your credit history is only a small part of the equation as I understand it.
Also remember that you will have no debt left after your trust deed, which is another plus point.
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Topic starter
06/04/2010 8:04 pm
Thanks a lot. If I applied for a mortgage before my trust deed finishes would I get one or would I have to wait until it's ended?
09/04/2010 1:12 am
Hi Lorryjo1983,
Different mortgage lenders apply different acceptance criteria which change over time. It's therefore impossible to give you a definitive answer.
Unless you have access to a substantial deposit I think it is unlikely that you will be succesful currently.
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