Actually not quite word for word the first voluntary shouldn’t be there in the first question. #128528;

Hi Black Night,

Thanks for coming back onto the forum to share this positive news. Like you said It’s always a question that people will ask at the start of the advice process about credit ratings and their ability to go on and secure a mortgage. Reading posts like this will give people the confidence that it is possible but takes a little time.

Did you shop around different mortgage providers before proceeding with Nationwide or speak with a financial advisor?

Please keep us updated with the full application and good luck buying a property.

Hi Black Night.

Congratulations on making this progress with your mortgage application.

I do think that starting a protected trust deed probably falls into the category of being a "voluntary arrangement with a creditor".

"Entering into" does seem to imply the starting date of a "voluntary arrangement with a creditor" though, so I think you're absolutely correct to answer as you have.

Good to hear that, Black Night. Thanks for sharing.

David I had a look around but ended up using a FA to make sure there shouldn’t be any snags. We are going to do the application proper early next week so fingers crossed. This could part answer another age old question of do lenders keep a separate list of customer defaults of their own. Nationwide were part of the creditors in my Trust deed. My guy at Clark Gillone seems very confident. Me not so much. We will find out soon enough. I’m hoping it’s just a case of Computer says Aye.

Hi Black Night,

It would be great if you could let us know how this mortgage application progresses. Fingers crossed for you.

Still in progress. They are doing a site survey ( it’s a new build) on Monday. I assume there are no hitches as it surely wouldn’t get that far if there were credit worthiness problems. I’ll keep everyone posted on further progress. Seems to be taking ages tho. Entry won’t be until June/July assuming I can get my house sold without too much problems. Thus bloody virus might say different tho.

Hi

I was approved for a mortgage by Nationwide in 2013, exactly 2 years after I received my trust deed discharge

I'd like to think that they wouldn't carry out a site visit for a valuation and incur costs if they weren't confident that you met their lending criteria. Any news on the visit or has it been postponed?

That's great to hear tinsoldier and will give others the confidence of going onto to secure a mortgage quickly after completing their Trust Deed.

The visit took place on Monday just before the “lockdown”. I had a text from the Nationwide to say it had been done and if they needed anything else they would be in touch. Fingers crossed. It’s all a bit in limbo for obvious reasons but still biting my nails here.

Credit files showing a hard search from the Nationwide during the week too.

Received a formal mortgage offer this morning. Just need the lockdown to be lifted,my house sold and the builder to get back to work on the new one. Not wanting much. There is life after a trust deed.

That's great to hear Black Night.

Hopefully things can safely to normal, sooner rather than later, and all of these things can begin to progress.

Hi All,

For those who have had a mortgage accepted 2+ years after ending the trust deed, could I possibly ask what rate you were offered with Nationwide? I will be finishing my trust deed soon and looking to save for a mortgage as soon as possible but not sure what rates will be available to me.