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Mortgage after Trust Deed
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Home15
Posts: 1 Newbie
Really hoping someone can give me a steer on Scottish conveyancing and Trust Deeds. I have read so much online but it all talks about IVA and has left me confused:
1) is it possible to get a mortgage after Trust Deed? I had mine protected in Nov 2008 and was discharged in March 2012.
2) I know it is no longer visible on any of my credit accounts but are Trust Deeds registered in the same way as IVA against the Land Registry? If so does it show on the k16 search? I have read conflicting reports that things fall of the k16 after 5 years but is this like a credit file 5 years from taking it out provided. its satisfied.
I know if I am asked I need to declare it but I would like to know what information is held about me too.
3) are there any lenders that might be worth an approach based on people's experiences
Thanks
1) is it possible to get a mortgage after Trust Deed? I had mine protected in Nov 2008 and was discharged in March 2012.
2) I know it is no longer visible on any of my credit accounts but are Trust Deeds registered in the same way as IVA against the Land Registry? If so does it show on the k16 search? I have read conflicting reports that things fall of the k16 after 5 years but is this like a credit file 5 years from taking it out provided. its satisfied.
I know if I am asked I need to declare it but I would like to know what information is held about me too.
3) are there any lenders that might be worth an approach based on people's experiences
Thanks
0
Comments
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Gets published in Edinburgh Gazette so remains on public record indefinately.0
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1) Yes it is
2) Yes the Lender/Solicitor will identify it
3) Yes there are - use a brokerI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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