Welcome to the trust deed forum Malpas1973.

Different mortgage lenders take different views about protected trust deeds and other types of negative credit history from the past. The solicitor may have had some bad experiences where certain mortgage lenders withdraw mortgage offers for people that hadn't been quite so open about their financial past.

If you've been open with your lender about the trust deed, and they made a lending decision that took this into account, it seems unlikely that you'll have a problem.

I don't see this being an issue. Solicitors will always do a search of Inhibitions & Adjudications before concluding a sale/purchase. However if there has been a discharge, then this should be clear and have no baring on the mortgage.

Mark

Hi Malpas1973,

I applied for and got a mortgage with the Trust Deed still on my credit report (although I was discharged). I was honest in my application and although referred to underwriters, everything went through ok.

Hi

Can i ask what mortgage companies that people have had mortgages from following a trust deed?

Thank you for any help.

Hi yeschef1 and welcome to Trust-Deed.co.uk.

Hopefully some forum members will share their experience with you soon enough.

It's important to remember that different mortgage lenders are looking for different types of clients at different times. Their acceptance criteria change often.

We've often heard from people that they are very frustrated when trying to find a mortgage after their protected trust deed. It's a difficult thing to do without any help, so finding a mortgage broker that can quickly research current lending criteria might be a good idea when the time comes.

Hi yeschef1,

I tried a broker who did whole of market and although I got through the pre approval stage I was then knocked back twice when the proper full application went in (My TD was still on my credit file). I had a 25% deposit and was prepared to pay up to 40%, was still knocked back with a higher deposit. Then a few months later we got the option to buy my boyfriends family home so decided to chance our luck with current account provider, 25% deposit, referred to underwriters and then approved with in a week. Hope this helps. My TD was still on my credit report at the time too, plus defaults although all showed settled.

It's usually a good idea to speak to your own bank - it seems they are often more willing to lend as they can see exactly how well you have looked after your account and how reliable your income is etc.

Update from me.

We now have our formal mortgage offer and all seems to be on track.

We've gone with the Halifax and I have to say so far it's been plain sailing despite them knowing about my Trust Deed. My TD was back in 2006 so doesn't appear on my credit file and so far that seems to be OK for them, even with just a 10% deposit.

Hi Malpas1973

Great news. It would be ideal if the banks has set rules on mortgages. I've never understood why they think someone who has completed a trust deed or on occasions is still in one is somehow a greater risk.

Really glad it has worked out.

Mark