Told to sell house, rent , build up credit then apply again for mortgage in 2yrs

AnotherJoe

rebeccaday wrote: »

Hi in DMP been told by Sequence Mortgage advisor to sell house, pay off debt (£17,000) Rent for 2 yrs to slowly build up credit score (husbands current very poor mine poor , but just got credit card to build it up )then go bck to her after 2yrs and apply for mortgage with a better credit score. Madness or is she right, can someone improve in 2 yrs. 2 defaults on file end in 4 yrs will even just one default ruin chances of mortgage. Sorry not totally sure if selling hiuse to pay off debt & rent is money savvy? If we do nothing wrong we go onto SVR in September & aim to pay of DMP debt by nxt April . Tx for any advice

On the face of it, seems to make no sense.
Can you not continue paying your debts off and then instead of switching to SVR, get a retention deal? Or are they saying one isnt available?