Hi, we are in a joint DMP, active for 2 years and no missed payments, with All defaults over 2 years old. Debt due to failed business. Both now employed full time. We have 10-15% gifted deposit. Are there still lenders willing to lend while in DMP?
Here and now this is unlikely I am afraid to say given the variables you describe.
When lenders get back to Pre-Pandemic products then this would be more achievable.
If you can get to 25% deposit or purchase a new build through the Help To Buy scheme, this certainly becomes more achievable subject to the detail of your case.
In the meantime it is essential you maintain the DMP as you have, continue to repay all credit commitments on time and run your primary bank accounts well to stand the the scrutiny of an underwriter
All the best
Many thanks Hayley. Will perhaps revisit in 6 months time and hope some of the products come back to the market.