The trust deed does stay on your credit report 6 years from the date it started. I notice that you say the defaults will be removed in June. If you contact the lenders who entered the trust deed with a copy of your discharge certificate they should be able to update the default dates to January 2002 which would effectively remove the defaults before June. Assuming the rest of your credit report is OK, when all the information regarding your trust deed comes off you will in a much better position to obtain a mortgage.