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Mortgage application with debt management payments

Hello, 
I would like some advise if anyone is able to help please  My husband and I are hoping to apply for a mortgage in the next couple of years. I have some debts from student days that were passed over to a debt management company in 2012. I have since been paying a small amount towards these debts, and have never faulted on any payments. 
They regularly offer me reduced settlements. Would it be better to pay these off at the reduced amount, continue to pay monthly or clear them fully before we think about applying for a mortgage? 
Thank you. 

Comments

  • K_S
    K_S Posts: 6,891 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    @womblingalongnicely Very very generally speaking, purely from a mortgage point of view, the longer a DMP has been satisfied and in the past, the better your access to lenders will be.

    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. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • Thank youK_S said:
    @womblingalongnicely Very very generally speaking, purely from a mortgage point of view, the longer a DMP has been satisfied and in the past, the better your access to lenders will be.
    Thank you, would this include partially settled? 
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