Hello graham.

I see that your bankruptcy has been running for more than a year.

Have you been discharged from it?

A lot of people (whether they have had debt problems or not) are finding it hard to move to a new mortgage lender at the moment. Millions of people are on their lenders SVR as a result.

Not had anything in writing to say iam discharged from bankruptcy, was declared bankrupt 21/10/2011

You may want to double check the situation graham, perhaps using the register of insolvencies on the AIB website.

Following your discharge from bankruptcy it is likely to be difficult to get a mortgage for a while. I think much of the following "mortgage after a trust deed" section will be relevant for you and your own situation:

https://www.trust-deed.co.uk/repair-your-credit-rating.html

Thanks will try and check out aib website

Hi, we are nearing the end of our third year in our trust deed. We have to pay a substantial lump sum which more or less depends on either re-mortgaging or borrowing from family.
In reading the above link it seems we have almost nil chance of re-mortgaging to get the lump sum required.
If that is the case what are our options?

Borrowing from family if it's an option. If not, many td firms will allow you to pay the equity lump over 24 months or so. How much are you currently paying a month and what equity figure is expected?

It may also be worth trying to get your td firm to ask creditors to accept a lower amount of equity given the lack of remortgage opportunities.

Paul

Is it likely they will reduce the equity sum to be paid back?
Is it something that does happen, or is it just an idea?

Probably one for the insolvency practitioners to answer but discussing your options now with your own firm is a good idea.

Paul

You need to speak to your own trustee. It may be possible to continue your contributions to 'buy-out' the equity, depending on how much equity there is. If your house has gone down in value, then you may be able to reduce the amount required, but other than that, I would think the trustee will require the sum agreed at the beginning.