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Help on DMP trying to get a Morgage

clarkkent_2
clarkkent_2 Posts: 3 Newbie
in Mortgages & endowments
I'm currently on a DMP (Debt Management Plan) but trying to get a small Morgage for a part rent part but property but with no joy.
I am a first time buyer in need of Advice as i am curently not getting very far.

Any help would be gratefully received.

Thanks Inadvance

Comments

  • CloudCuckooLand
    CloudCuckooLand Posts: 1,905 Forumite
    If I recall correctly, you cannot take on extra credit obligations whilst in a DMP - your other creditors would tear up the DMP and expect to get their share of the spare cash you appear to have that makes the intended purchase possible...
    Act in haste, repent at leisure.

    dunstonh wrote:
    Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.
  • clarkkent_2
    clarkkent_2 Posts: 3 Newbie
    Cheers for the advice slightly harsh quote from Dunstonh thou... Wouldn't know where to start with Ipods either.
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    clarkkent wrote: »
    Cheers for the advice slightly harsh quote from Dunstonh thou... Wouldn't know where to start with Ipods either.

    I think you'll find that was a quote in a signature, not a reply to your post.....
  • clarkkent_2
    clarkkent_2 Posts: 3 Newbie
    How rubbish am I first time user....
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Don't worry. Everyone's a first time user once.
  • dunstonh
    dunstonh Posts: 120,033 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Its something I said on another thread some time back. The person didnt seem to be taking the whole house purchase process seriously. So, I fired off that comment. The comment made some people laugh and I guess that is why cloudcuckooland has it in the sig. You would be surprised how many people go through a house purchase and mortgage blind and disinterested and will spend more time deciding which Apple product they want to be seen with next.

    You can spot signatures as there is a grey line where the post end and anything below it is a signature. One line indicates no signature - two lines indicates a signature.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
This discussion has been closed.
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