MORTGAGES WITH TRUST DEEDS IN SCOTLAND
Mortgage with trust deeds in Scotland, IVA, decrees, ccjs and sequestration bankruptcy. Having a trust deed or decree set against you does not prevent you from obtaining a mortgage in Scotland.
At Scotland Mortgages, you can contact mortgage consultants and advisors who can arrange mortgages for people who have an adverse credit history. These mortgage brokers can arrange mortgages for people with adverse and poor credit histories, Decrees (CCJs), Trust Deeds (IVA – Individual Voluntary Arrangements) and Previous Sequestration (Bankruptcy).
A trust deed in Scotland is the equivalent of an IVA in England and Wales. Trust deeds are designed for people in Scotland who have unmanageable levels of debt. They are an alternative to sequestration (the Scottish version of bankruptcy south of the border).
A trust deed is a legally binding agreement whereby someone transfers their property to a trustee so as it can be administered on their behalf for the benefit of the people to whom they owe money.
In many cases, a trust deed can be registered as a protected trust deed. This means that the creditors (the people you owe money to) are then unable to petition for your sequestration or take other steps to recover the debts owed to them. A protected trust deed is advertised in the Edinburgh Gazette and will be noted on your credit file.
If you have been the subject of a trust deed or protected trust deed in Scotland, you will almost certainly find it hard to obtain a mortgage or remortgage. So, if you require help finding mortgages with trust deeds in Scotland, it would be a good idea to speak to a professional mortgage consultant.
To find out more, please fill in our online enquiry form and we will pass your details to a mortgage broker who understands mortgages with trust deeds in Scotland.
Mortgage with trust deeds in Scotland, IVA, decrees, ccjs and sequestration bankruptcy. Having a trust deed or decree set against you does not prevent you from obtaining a mortgage in Scotland.
At Scotland Mortgages, you can contact mortgage consultants and advisors who can arrange mortgages for people who have an adverse credit history. These mortgage brokers can arrange mortgages for people with adverse and poor credit histories, Decrees (CCJs), Trust Deeds (IVA – Individual Voluntary Arrangements) and Previous Sequestration (Bankruptcy).
A trust deed in Scotland is the equivalent of an IVA in England and Wales. Trust deeds are designed for people in Scotland who have unmanageable levels of debt. They are an alternative to sequestration (the Scottish version of bankruptcy south of the border).
A trust deed is a legally binding agreement whereby someone transfers their property to a trustee so as it can be administered on their behalf for the benefit of the people to whom they owe money.
In many cases, a trust deed can be registered as a protected trust deed. This means that the creditors (the people you owe money to) are then unable to petition for your sequestration or take other steps to recover the debts owed to them. A protected trust deed is advertised in the Edinburgh Gazette and will be noted on your credit file.
If you have been the subject of a trust deed or protected trust deed in Scotland, you will almost certainly find it hard to obtain a mortgage or remortgage. So, if you require help finding mortgages with trust deeds in Scotland, it would be a good idea to speak to a professional mortgage consultant.
To find out more, please fill in our online enquiry form and we will pass your details to a mortgage broker who understands mortgages with trust deeds in Scotland.
