📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Have anyone been successful in ....

managing to obtain a mortgage while on a DMP?

Sorry for going on about this in most of my threads but we are wanting to move house - and although it will only mean increasing the mortgage by approx £8k and the fact that we are already with a sub-prime lender (GMAC) - I am worried that we may have to forgot about this for a while!!

Thanks

Comments

  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Monthly Debts
    Debt Total Debt Min Payment
    Capital One Credit Card £8,223.00 £246.69
    Northern Rock Personal Loan £6,951.00 £76.43
    MBNA Credit Card £6,318.00 £142.16
    Cahoot Flexible Loan £5,851.00 £117.02
    Abbey Personal Loan £5,451.00 £175.83
    MBNA Personal Loan £4,200.00 £128.64
    Barclaycard (Hubby) £3,520.00 £70.40
    Bank of Scotland Credit Card £3,448.00 £68.96
    Barclaycard (Me) £3,520.00 £70.40
    Cahoot Credit Card £3,275.00 £65.50
    Abbey Credit Card £2,589.00 £77.67
    Monument Credit Card £1,995.00 £59.85
    Littlewoods Credit Card £1,778.00 £53.34
    Morgan Stanley Credit Card £1,682.00 £33.64
    Abbey Overdraft £1,148.00 £25.00
    Next Directory £979.00 £97.90
    Littlewoods Catalogue £500.00 £50.00
    Studio Catalogue £247.00 £12.35
    Additions Direct Catalogue £119.00 £11.90
    BT Arrears £70.00 £20.00
    TOTAL DEBT £61,864.00 £1,571.78

    You'd be unlikely to find anyone willing to give you a mortgage when you still have so much outstanding debt.
    poppy10
  • Hi,
    I found somthing the other night that may or may not be of interest to you. There is a new Alliance and Leister account availiable, b4 You had to earn at least £1,500.00 per month guaranteed which as a self employed person I couldn't promise. The new account you only need to pay in £500.00 a month and it doesn't have to stay there. You still get a high interest rate on your in credit balance and a o% overdraft + you can apply for a 0% credit card. I may be telling you somthing which is totally useless to you as I don't know what a DMP is, however if you can get more of your owings onto 0% it may help.

    Sorry if this info is useless to you,

    CF
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.