Hi TDA

Looks like we've done it again, except you pressed the submit button 2 seconds later.

Mark

Oops! 3 seconds

Think it will be a long time until anyone here coincides to the exact second again!

hi Mark will you post ur findinds with ur IFA regarding mortgages regards J

Hi Mark just read this have you any new information regarding mortgages for people who have come out of a td
completed mine in may of last year and was hoping to move home in the near future can you help please

I would also love to hear what you find out mark, much appreciated!

It would be great to get as much info on this as possible, hopefully when my house is sold and TD is completed... I can then buy a property with a decent deposit and not pay over inflated rental costs... is there confidence in the market now? Once my TD is clear then I am totally debt free... does this help in getting a new mortgage or do you need to build up more bloody credit ??? I'd rather have no cards and just pay a mortgage... never ever going to repeat this NIGHTMARE !!!

Jinty McSkinty asked if anyone had experience of this.

I had five year fixed rate taken out in April 2008. It was around 5.6%. At the time I was told it was likely to go up rather than down. Wrong!

Anyway, it expired in April 2013 and I went onto their Base Mortgage Rate (BMR) at 2.5%. I was very fortunate because this was in the contract I had and the year after it was change to Standard Variable Rate (SMR) which was higher. I had gone online to see my options and noticed the two BMR and SMR. I held my breath while I went looking for the paperwork and luck was on my side that it was the BMR agreement I had.

I did not apply at the time for another mortgage since I had not been discharged and the rate change was a great help for me after the trust deed. Not sure what I will do from here. Possily keep an eye on the market and assess again if the BMR increases. By then my credit rating should have improved and I may get a better deal.

That may not be the best way but I was too embarrassed to approach them at the time with the Trust Deed against my name :-(.

Hopefully Mark will add more information if and when he hears more.

I'm afraid there might not be any "news" here. Getting a mortgage if you have had recent credit problems remains a pretty tough exercise as far as I'm aware.

Actually... here's an interesting development today:

(Broken link removed).