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Gettin a mortgage whilst on a DMP?

FieryBlondeScot
FieryBlondeScot Posts: 520 Forumite
Part of the Furniture 100 Posts Combo Breaker
in House buying, renting & selling
Does anybody know if it is possible to get a mortgage whilst on a DMP with CCCS? i earn 30K a year and am paying £299 to CCCS i'd guess my credit rating is not a good read. Im looking to first time buy as a single parent as i've been paying private rent for years and am not getting anywhere with the council. i dont have a deposit either! is there any hope?

Comments

  • lynzpower
    lynzpower Posts: 25,311 Forumite
    10,000 Posts Combo Breaker
    honestly?

    A couple of things

    1. my understanding of DMPs is that you agreed at the start of it, not to apply for more credit. Are mortgages included in this? Dunno sperak with CCCS

    2nd, I think, although im not 100% again, but there may be lenders who will lend to you, but I expect the interest rates youll be offered will be high.

    Have you seen your credit report? Have you had any CCJs?
    :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
    Theres no dollar sign on piece of mind
    This Ive come to know...
    So if you agree have a drink with me, raise your glasses for a toast :beer:
  • FieryBlondeScot
    FieryBlondeScot Posts: 520 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    hi,

    thanks for that, both points are as i suspected! i think i will try and make full and final settlements to my creditors before jumping on the mortgage train.
  • lynzpower
    lynzpower Posts: 25,311 Forumite
    10,000 Posts Combo Breaker
    do you have CCJs?
    :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
    Theres no dollar sign on piece of mind
    This Ive come to know...
    So if you agree have a drink with me, raise your glasses for a toast :beer:
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    Doesnt matter if she has.
This discussion has been closed.
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