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Remortgage whilst on a DMP

Can anyone advise of any reputable lenders who may consider a remortgage with a DMP active?

With equity in the house and an old NRAM mortgage at 4.78% doing so will allow us to put more into a DMP and clear it quicker.

Thanks

Comments

  • ACG
    ACG Posts: 24,625 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    You should really speak to a broker. Fitting criteria is only part of the battle, the other would be passing the credit scoring process if there is one and getting an underwriter on board with it.

    Also some lenders count the original payments as a commitment where as others count your current payments.

    A lot will come down to how everything appears on your credit report(s), so you should get those if you have not already.
    I am a Mortgage Adviser
    You 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 shouldn't be seen as financial advice.
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