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Scottish Trust Deed Forum
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Topic starter
16/12/2013 1:28 pm
my trust deed finishes in april and I retire from work in june. my landlord has just informed me that he wants to move back into his flat at the end of june next year. which means I either have to rent some where else or buy a property. I am planning on using my lump sum from my pension to pay about 30%-35% deposit on a mortgage. has anybody else managed to obtain a mortgage so soon after their trust deed has ended or will I have to build up a credit history before a mortgage company will accept me.
16/12/2013 1:37 pm
Hi barneymagrew.
This article may provide some useful pointers:
https://www.trust-deed.co.uk/repair-your-credit-rating.html
I think you may need to be ready for additional complications related to your retirement as well. Some lenders impose age caps, though having a decent pension provision might help.
As always with mortgages you'll be best served by getting some individual advice from a mortgage broker.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
16/12/2013 3:22 pm
thanks for your reply tda , I found that link earlier thanks. it could be tougher than I thought.
