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misscutiepie1984

I am currently in a DMP and i am get frustrated to say the least i really want a mortgage which is not possible at the moment!!! my DF date is April 2010 but i hope with saving a bit here and there i might be able to end it a year sooner, but none the less house prices are forever rising and i live in Reading where even the cheapest of houses are around the 150k mark even with me and my sister being on about 20k which is meant to be a good wage we could not afford this!!!

Anyone in a similar position?????

lukemed1

Hi there,

I'm sort of in the same position although i do currently have a mortgage taken out before my DMP began, we want to sell the existing flat we have and purchase a house as we want 2 start a family

there are lenders that will lend whilst in a DMP but we'll have to pay a higher rate

best wishes

Luke:beer:

misscutiepie1984

its annoying between me and my sis we are paying £800 a month rent but even though with our joint income being between 40 - 45k we could only borrow maybe 127k and thats the generous offer cant even buy anything for that except maybe one bedroom masionetter not good scene as its me her and the little one stupid cos we are paying the equivalent of a 150k mortgage what for!!!

misscutiepie1984

Please Delete

System

I am curious, why delete?

La_Tristesse_Durera

misscutiepie1984 wrote:

its annoying between me and my sis we are paying £800 a month rent but even though with our joint income being between 40 - 45k we could only borrow maybe 127k and thats the generous offer cant even buy anything for that except maybe one bedroom masionetter not good scene as its me her and the little one stupid cos we are paying the equivalent of a 150k mortgage what for!!!

Ah... I see your from Reading... I'm not sure if it will help but I was driving through somewhere last week (either Reading or Camberley) that has an independent mortgage broker, who I think help people with BR, IVA's & DMP's etc. Perhaps a quick look on yell.com will help? It was buying my house last year that caused me to get into debt... but it will be worth it in the end!:beer: