Mortgage after Debt

S79JP

Hello

I'm hoping someone who has been in a similar position can offer some general advice.

i currently have a DMP with Stepchange, due to end in June 2026 altho I have been able to overpay on some of the debts so hoping this date will pull forward a couple of months. My current balance is around £8k. Two (or maybe 3) of the debts defaulted with the default dates being March and April 2020. 

My partner and I are considering moving in together. I currently rent, he has a mortgage but we’d need to buy a different property together to suitably accommodate our collective children. 

I know getting a mortgage approval for myself now is not possible, but what experience for after? The defaults would have ‘dropped off’ my file by April 2026 and around that time I’ll owe no money to creditors with everything paid in full (not partially satisfied). Would I need to leave a particular amount of time for an application to be successful following the DMP ending and defaults no longer being listed on my credit file? My partner has no debt. 

Our collective income is around £107k per year if that is relevant. 

Thank you. 

ACG

You can get a mortgage with an active DMP. Rates will likely be higher if the adverse markers are still on your credit report. 

Probably not a bad idea to speak to a broker nad potentially avoid the company you defaulted with. But in the main you should be fine.