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Scottish Trust Deed Forum
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Topic starter
19/03/2013 10:08 am
Hello again, it's been a while.
I am now 6 years on since I signed my trust deed and it has dropped off my credit file. I managed to get a couple of credit cards and a mobile phone contract over the past three years and I am now looking to get a mortgage with only a ten percent deposit.
I spoke with a mortgage broker who has advised me to deny I have ever had a deed as its now not on my file and I have a good/excellent credit score. However is this not mortgage fraud? I have no defaults or anything negative on my accounts at long last.
Any other mortgage info for my current position would be great.
19/03/2013 11:10 am
I don't think you should ever lie on an application, though I believe that the question is often whether you have ever been bankrupt, so you could say no to that with a clear conscience.
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19/03/2013 11:21 am
Hi 999relief.
I can only echo what Kevin has says, though you'll need to make your own judgment.
We understand that some lenders may keep their own records of insolvencies even though they no longer appear on public registers. Any lender that was involved in your trust deed is really very likely access to have that information.
Lenders share information on potentially fraudulent applications, so being discovered might have long-term implications for your access to credit in general.
Lenders also have the right to set criteria about who they'll lend to. Their decisions are based, in part, on the contents of application forms. Deliberately falsifying information on an application form for personal benefit therefore seems pretty likely to fall within a definition of fraud.
You may also want to consider the ethics and knowledge of your chosen mortgage broker.
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