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Scottish Trust Deed Forum
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Topic starter
30/06/2014 12:49 pm
Hi
I was hoping someone might be able to give me some advice.
My trust deed ended in 2008 and there is no trace of it on my experian credit file.
I am keen on getting a mortgage and have a good income as well as a small deposit.
Can anyone shed any light on if this will be possible and whats the best process for me to go through?
I note that on them mortgage calculators it always asks if I have experienced in CCJ or bankruptcy and I don't think my trust deed will come under that.
Thanks so much
30/06/2014 4:18 pm
Welcome to the forum plaidparty.
Anything that goes on your credit file drops off six years later which may well explain why your trust deed is no longer there.
We cannot tell you whether you'll be able to get a mortgage, it's a question to put to a mortgage broker rather than a debt adviser. The main reason for this is that there are many other factors (other than having been in a protected trust deed) which are also very important to your chances.
A trust deed isn't a bankruptcy or a CCJ, so in technical terms it seems fine to answer "no". However, if aware of a protected trust deed a mortgage lender isn't likely to differentiate that a huge amount from bankruptcy or legal recovery action in the past.
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