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Mortgage after DAS - adverse broker
szac976
Posts: 35 Forumite
I wonder if anyone could shed any light on how easy/difficult it is to get a mortgage after being in a DAS? I have recently completed my DAS and will be a first time buyer, whenever I manage to buy a house. My DAS & defaults will disappear from my credit file in 2023 but I will need to buy before then, how large a deposit is likely to be required? Feeling very disheartened
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Comments
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Is a DAS the same as a dmp?0
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I think so, it’s a Scottish version of a DMP (not 100% on that). No interest is charged on any debts within the DAS and creditors cannot threaten you with any legal action, it is done using a money advisor. I used stepchange - from what I can gather it is treated the same as a dmp?haras_n0sirrah said:Is a DAS the same as a dmp?0 -
More formal than a DMP:haras_n0sirrah said:Is a DAS the same as a dmp?
https://www.stepchange.org/how-we-help/debt-arrangement-scheme.aspx?channel=ppc&gclsrc=aw.ds&&gclid=EAIaIQobChMI18W9546P7AIV1untCh1VbAIVEAAYBCAAEgLP__D_BwE
Mortgage started 2020, aiming to clear 31/12/2029.0
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