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(@jojo93)
Estimable Member
Joined: 7 years ago
Posts: 121
Topic starter  

My trust deed was registered in books of council and session do anybody know what that is would they still have a copy


   
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(@sharon-toal)
Estimable Member
Joined: 7 years ago
Posts: 143
 

Hi JoJo

It is a place where formal documents can be registered such as wills, leases , minutes of agreement and trust deed documents.

It is used for preservation of documents and extracts can be obtained for lawful execution.

It is very common that trust deed documents are registered in this way.

Sharon is no longer posting in the forum.


   
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David Tannock
(@david-tannock)
Famed Member
Joined: 12 years ago
Posts: 2581
 

Hi jojo93,

I see you completed your Trust Deed a long time ago and are looking for information about it.

What's making you ask about it all now? Is it having an impact on a mortgage or your credit rating?

David is not currently posting in the Trust-Deed.co.uk forum


   
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(@jojo93)
Estimable Member
Joined: 7 years ago
Posts: 121
Topic starter  

We are thinking of getting a mortgage and was wondering if they will ask if I have been in a trust deed


   
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David Tannock
(@david-tannock)
Famed Member
Joined: 12 years ago
Posts: 2581
 

I thought it may have been something like that.

How does your credit file / rating look at the moment?

You might find that you are asked about entering into a Trust Deed 5-6 years ago. I’m not sure if they will go back 12 years.

Their question could be “have you entered into a Trust Deed in the last 6 years”. You’d answer no to that.

Even if the mortgage lender does ask about it as in “have you ever entered into a Trust Deed” as long as your credit file is good and you meet the rest of the criteria I think you should be fine securing a mortgage.

David is not currently posting in the Trust-Deed.co.uk forum


   
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(@jojo93)
Estimable Member
Joined: 7 years ago
Posts: 121
Topic starter  

My credit file is fine I just don't wanted to know where I stand they asked that question and if they do any checks


   
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David Tannock
(@david-tannock)
Famed Member
Joined: 12 years ago
Posts: 2581
 

I can understand wanting to ensure you are as prepared as possible.

Are you applying for a mortgage directly with a bank or are you using a financial advisor? You could check the mortgage application if you are applying yourself or apply online to see what questions the mortgage lender asks in their application without actually submitting an application.

If it’s a financial advisor you are using then they should know if you will be asked this in the application.

Try not to over think or worry too much. I’d be really surprised if after all this time there would be a problem with a mortgage if your credit file is good.

Have you seen a property that you like and want to make an offer on?

David is not currently posting in the Trust-Deed.co.uk forum


   
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(@jojo93)
Estimable Member
Joined: 7 years ago
Posts: 121
Topic starter  

We do have a financial advisor we are thinking of going for a shared ownership and putting in for a bid if a property when one comes up the house we are living in is to big


   
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David Tannock
(@david-tannock)
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Joined: 12 years ago
Posts: 2581
 

The financial advisor should be able to keep you right. I'd ask them about it.

David is not currently posting in the Trust-Deed.co.uk forum


   
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(@jojo93)
Estimable Member
Joined: 7 years ago
Posts: 121
Topic starter  

Thanks for advice worrying over nothing


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 17 years ago
Posts: 13594
 

Hi jojo93.

I’m not sure many lenders will ask the “have you ever...” question, but if they do you should answer honestly.

Lenders are entitled to ask such questions and a deliberate false answer might be interpreted to be fraud. Aside from the legal aspect of this, financial firms share information about fraudulent applicants which could cause people major problems for a long time.

Your financial adviser should be able to steer you away from firms that ask you this question if it’s a concern, but confirming a very old insolvency may not affect an application in any case.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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(@jojo93)
Estimable Member
Joined: 7 years ago
Posts: 121
Topic starter  

thank you for your replay Tda our financial adviser says firms are only interested if you have been in trust deed in the last 6 years and i dont think mine will not be reopened to claim ppi as the trustee dont hold any records.or can they


   
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Kevin Mapstone
(@kevin-mapstone)
Member Admin
Joined: 17 years ago
Posts: 4253
 

Even if your Trustee sought to be reappointed to gather in PPi funds, this would not affect the fact of your own discharge. You would not be put back into a Trust Deed in this circumstance.

Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.


   
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(@jojo93)
Estimable Member
Joined: 7 years ago
Posts: 121
Topic starter  

how long do some companies keep records for trust deeds cases and it would not show on my credit report as i am thing of getting a mortage


   
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(@jojo93)
Estimable Member
Joined: 7 years ago
Posts: 121
Topic starter  

my trust deeds was registered books of counil and session i have asked a copy of this online form is asks for granter name is that my name and grantee name is that the name the trustee


   
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