Sorry for more questions I was in a trust deed nearly 20years ago at the time I owned the property the property was voluntray reopssed and there was a shortfall could this go against me in getting a mortgage and could the bank still ask for the shortfall to be paid back

Hi JOJO if the mortgage existed at the date of the trust deed then no, the bank would be unable to pursue you for the shortfall.

Hi jojo93,

Have you got your eye on a house you like?

This shouldn’t go against you if the mortgage was taken out prior to your Trust Deed. Any shortfall balance will have been taken care of under the Trust Deed.

How does your credit report look at the moment? Is it good? Lenders will pay attention to this along with looking at your affordability and also size of deposit. If all of this is good then I think you should be ok securing a mortgage.

Reach out to a financial advisor to see what they think. I’m sure they will keep you right.