Mortguage Whilst in DMP

freddie2020

Is it possible to get a mrotguage whilst in a DMP?

Debts are over y6 years old and not on credit file.

If I decided to manage the creditors myself, and leave PayPlan

Technically would no long be in a DMP, but still paying the low amount each month to keep court action away.

But would any lenders ask about any debt outstanidng over 6 years old?

THanks

MattMattMattUK

freddie2020 said:

Is it possible to get a mrotguage whilst in a DMP?

Debts are over y6 years old and not on credit file.

If I decided to manage the creditors myself, and leave PayPlan

Technically would no long be in a DMP, but still paying the low amount each month to keep court action away.

But would any lenders ask about any debt outstanidng over 6 years old?

THanks

Lenders ask about any and all debt, age of that debt is irrelevant. Failure to disclose that debt is mortgage application fraud and has serious consequences. 

ManyWays

Mortgage lenders care about unsettled defaulted debts, that doesnt matter if its a DMP or payment arrangements. They will see the payments to a DMP firm or debt collectors on your bank statements and know exactly what they are.

silvercar

I’ll move this to the mortgage board. 

ACG

You can get a mortgage with a DMP. Rates will likely be higher. 

It really depends on what the lenders asks:
Are you in a DMP or have you been in a DMP are very different questions.