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Scottish Trust Deed Forum
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Topic starter
24/03/2013 9:41 pm
Hi
I wonder if anyone can help me, we have received a full mortgage offer and are in the final stages of completing a sale and purchase. It has been suggested that the solicitor will do a bankruptcy check and will be obliged to provide all information to the lender. We have not misled the lender or broker. However does anyone know where these checks will be carried out and how far back they go? We are no longer on the AIB register.
Any help greatly appreciated.
Almost Done!
24/03/2013 9:49 pm
Hi jambo1 and welcome.
I'd imagine they'll check the public registers.
Hopefully it will all work out fine for you.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
24/03/2013 9:53 pm
Thank you for your speedy response, much appreciated. Is the public register the AIB register? Sorry for my ignorance!
Thanks
Almost Done!
25/03/2013 10:36 am
Hi Jambo1
Are you selling a property and buying another?
The solicitor will not normally do any type of credit check. There is a requirement to check the Register of Inhibitions & Adjudications to ensure the sale/purchase gives clear title to the property. If you've been discharged & there's no inhibition registered, it should be fine.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
25/03/2013 7:22 pm
Hi Mark
Thank you for your reply, can you tell me where this search is carried out?
thanks
Almost Done!
25/03/2013 7:28 pm
Hi jambo
The solicitor will have access to the Registers of Scotland online to check this.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
25/03/2013 10:13 pm
Hi Mark
Thank you for your help, we have checked the register and it shows our discharge it says Notice recalling notice by trustee under trust deed?! What would you think a solicitor will make of this?
Starting to panic that things are going to go wrong!
thank you
Almost Done!
25/03/2013 10:19 pm
Hi Jambo
If you've been discharged it will be fine.
It is a requirement of the trustee to discharge the inhibition, so there will be no inhibition registered. That's the part which states the notice being recalled.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
25/03/2013 10:23 pm
Thank you, you have eased my mind.
Almost Done!
26/03/2013 11:56 am
Hi jambo1.
Could you let us know how you get on?
Good luck.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
