If you've been asked about Trust Deed/Insolvency/Bankruptcy you must answer truthfully. Read the question carefully.

Thanks but that doesn’t answer my question?? The company I going with states that as long as it’s more than 6 years from start date!!

Hi Kylewi,

I think that the solicitors will be looking at insolvency records and the Register of Inhibitions.

Searches are made by search companies on behalf of solicitors.

Searches are made in register of inhibitions, and register of insolvencies.

You’ll be absolutely fine.

Thanks tinsoldier, do you know what the inhabitation register will say? Not wanting this getting knock back at the last hurdle. I’m no on the register of insolvency anymore, just wasn’t sure and will they even ask me about it thanks.

Thanks tinsoldier, do you know what the inhabitation register will say? Not wanting this getting knock back at the last hurdle. I’m no on the register of insolvency anymore, just wasn’t sure and will they even ask me about it thanks.

When you enter a Protected Trust Deed an inhibition is registered against your name on the Register of Inhibitions. This means that you cannot sell a property without the Trustee's agreement. The entry does show that the reason for the inhibiton is due to a Trust Deed.

Then, just before you are discharged from your Trust Deed a further entry is regstered to say that the inhibition is no longer valid.

These entries will show if the solicitior searches back over that time period on the Register. However, it should have no effect on your purchase - in fact I'm not sure that the solicitor would search against your name if you are the purchaser - only if you are selling I would have thought. The solicitor is merely checking that there is no legal reason why a property cannot be sold.

The purchaser is searched against too.

But the inhibition will be recalled; you will be fine. Trust me!

Thanks again tinsoldier and thank you Kevin. It’s been annoying the he’ll out me, feel alot better now knowing this information #128588;

Hi,

As others have said things should be fine if you completed the Trust Deed a number of years ago.

Good luck with the house purchase and for the future.

For other people it just goes to show that there is life after a Trust Deed, it’s just takes a little bit of time to rebuild things.