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can you get a mortgage with a DMP?
tornadobunches
Posts: 31 Forumite
Anyone know if you can get/apply for a mortgage whilst under a Debt Management Plan? My wife's finances are fine and not affected, so no worries from one side. If so, anyone know any good companies and how a DMp affects things?
Thanks and best of luck to all!
Thanks and best of luck to all!
0
Comments
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Your wife can, assuming your credit records are disassociated, but I doubt if you can - having a DMP means you can't afford the debt you already have. Plus, you probably have lots of defaults / arrears etc on your credit report.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
Are you looking to remortgage to pay off the debts or buy a new home? I am a mortgage adviser and there are companies who would look at either scenario but if you are purchasing you will need a deposit
TEOI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and should not be regarded as financial advice.0
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