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Hi,

The IFA I was planning to use here in Glasgow is away due to family bereavement and I need some advice if possible. I'll try and be succinct...

I signed a trust deed in June 2003 which became protected. I made my 36 payments but it has all taken ages to wind up for various reasons and I am finally due my discharge letter any day now.

However, having looked on my credit files, around 10 of the accounts are still registered as 'defaults', from various dates around 2003/2004. I believe I can send a letter along with the discharge to request that each creditor marks them 'settled' from no later than when I signed the deed.

However, this is all going to take time and I need a mortgage by June..! Considering these defaults are now from 5 years ago, that I'll have my discharge letter, that we have a 10% deposit and that I did until last year hold a mortgage with Abbey which is on my file and was always clean, is it likely I will get a mortgage?

I have been able to obtain 2 credit cards in the last year(not that I want debt ever again but I read I was better to begin to show a good payment history again)and a couple of very minor credit accounts too.

Any advice would be appreciated - I would also be grateful if anyone can suggest a broker who understands Scottish trust deeds and may be able to help me?

Thanks very much - and sorry it's not so succinct!!

Hi Dexter and welcome to the forum

All you need to do is send a copy of your completion certificate to the credit scoring agencies who ought to mark your PTD as being satisfied.

And also when you come to remortgage, this should give your broker sufficient evidence of the completion of the PTD for mortgage purposes.

Andrew Graveson who posts on this forum is an expert in the workings of Trust Deeds and is also an excellent mortgage broker with experience of working in Scotland. Definately worth a call.

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Melanie, thank you. I have made contact with Andrew and hopefully he will be in contact soon. It's actually a new mortgage I need rather than a remortgage - and the PTD doesn't actually show on my credit files, just a list of defaults. It was Experien who advised me to write out to my creditors and request they update the records to show them as 'settled' - but I will of course send my discharge notice to them as well once I have it.

Quite a lot of confusing information around and I obviously want to make sure I take the right steps rather than making things any worse!!

Thanks again