If the trust deed still shows on your credit files it could be difficult to secure a mortgage. Use a whole of market broker but be upfront about your previous trust deed. Good luck.

Paul

Many thanks Paul
appreciate your help.

I secured a mortgage in 2013, exactly 2 years after my trust deed finished ergo it was still showing on my credit file. It was also a right to buy which gave us a 20% deposit.

I would approach a broker that covers the whole of the market. Good luck

Definitely best to approach a mortgage broker Toby, as others have already suggested to you.

Some lenders are more flexible regarding the right to buy deposit/discount than others.

Tin Soldier/ AJ,
Many thanks: we'll do that now: I'll let you know how I'm getting on.
Also nice to see you all still doing a sterling Job!
Toby

Hi Toby,

Sounds like too good an opportunity to pass up especially if you are benefiting from the discount.

Like others have said you want to try and speak with a ÔÇ£whole of marketÔÇØ financial advisor. Be honest and up front with them and they will tell you the likelihood of securing a mortgage. You might need to speak with a couple of financial advisors as some will more than likely say that as you have been in a Trust Deed there is no chance in securing a mortgage. As tinsoldier has confirmed it is actually possible.

A while back I spoke with Glasgow Credit Union who provide mortgages. They advised that as long as someone successfully completed their Trust Deed and have been discharged for 1 year they will consider them for mortgage purposes as long as the client meets the rest of their lending criteria. Also, they will only lend to someone living or working in a G postcode. If you do live or work in a G postcode might be worth speaking to them. If you are in Edinburgh then you could consider Capital Credit Union. I would take a guess and say that probably most financial advisors wouldn't know about the large credit unions and their lending criteria.

Shop around, speak to as many people as you can i.e. financial advisors, banks directly, credit unions etc. and you should hopefully be successful.

Good luck and please let us know how you get on.

Hi David! That's very helpful of you! I'll let you know how we get on!

Hi All!
Just a wee update in securing a mortgage after my trust deed.
I contacted my local credit union (thanks David!) who sent me a nice e-mail informing me they couldn't help me at this time, as I haven't been out of my trust deed for 2 years. The earliest they could assist would be December 2017 which is too late unfortunately.... I only have until around mid October to accept the offer for my house purchase.
I'll keep looking!!
thanks again all.

Hi Toby.

Good luck with your search; hopefully a mortgage broker might be able to come up with something for you.

Will you be able to take up a different offer for the property in the future if a mortgage cannot be sourced now?

Hi Toby, try David Butler at Portlethen Financial Services, he was a great help to us Tel: 01224 784030 Mobile: 07971 607542

Hi Amy!
Thanks for the kind words! Short answer is NO! offer only stands until October. Cheers!

Hi there Juliet!
Many thanks for that information! I'll give him a buzz later today
regards
Toby