Mortgage advice when on debt plan

Penguin6

Hi All

can someone please give me some advice on my situation below.

My and my wife are £20,000 in debt and earn 50k jointly. Due to the debt being in her name and on a DMP, should we

A. Pay normal payments, now our financial situation has improved
B. Save as much as we can for a year and offer a settlent figure speeding up the process but leaving credit report partially satisfied?

C. Pay it off at 800 a month in the hope that we can apply for a mortgage in a year with a debt of around 12 k but with a deposit of 10k( I will receive from shares that will mature?)

I know I should maybe pay off all debt with this maturity but if it means I can have a mortgage in a year with a smaller debt then this would be better.

Thanks

Thrugelmir

Little chance of a mortgage while there's a DMP nor little for a period after.

Clearing the debt pronto should be your priority.

With regards to partial settlements. You can cross these lenders off your mortgage wish list.