Hello stuartrae1,

A Trust Deed will not stop you from shopping around but may affect the availability and terms of new deals.

It would be best to speak with a mortgage broker as many of the better known mortgage lenders are not involved in new lending where there is a Scottish Trust Deed in place.

What will happen to your mortgage, if you take no action, when the fixed period ends?

Is your lender prepared to move you onto a new "deal"?

hi tda,im not sure what will happen as not been in contact with current lender yet but i have been getting lots of phone calls askin if i want a quote for a "better deal" but not had discussions with anyone and explaining im in a td.

Hi there,

Many mortgage lenders want to keep their loyal customers. If your mortgage is paid on time every month they may well offer you a replacement "deal" to keep your custom.

They are unlikely to credit check you if you have a good payment record with them and you are not looking for any additional funds.

If there is a requirement for you to raise additional funds for the equity in your property towards the end of your Trust Deed you should factor this aspect into any decision about "locking into" an extended new "deal" that runs beyond the end of your Scottish Trust Deed.

hi,thanks my mortgage payments have always been paid on time,i have never missed one,thanks again