Getting a mortgage with a debt management plan
If you’re on a debt management plan (DMP), you may struggle to get a mortgage with one of the UK’s High Street lenders or mainstream building societies. However, there are lenders who will be willing to offer you a DMP mortgage, as long as you have enough money for your initial deposit and are able to meet their income and affordability criteria (which can be slightly stricter for borrowers on a debt management plan).
There’s no need to spend hours scouring the market for the right product. You don’t need to send out multiple applications to different lenders in the hope that one of them will accept you, only to risk rejections that could damage your credit file further. Instead, contact CLS Money.
We have access to a huge range of deals from a wide net of lenders, and our advisors have a great deal of experience in finding mortgages for those who are on a debt management plan.
If you have been on a debt management plan in the past but have now settled everything you owe, your chances of securing a mortgage are much higher. However, you may still need assistance in finding a lender who can accommodate your credit history.
Our brokers are here to help you find the right DMP mortgage, regardless of your circumstances, so contact us today to discuss your requirements in more detail.
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