Skip to content

Avatar
Log In
Please consider registering
Guest
Forum Scope


Match



Forum Options



Min search length: 3 characters / Max search length: 84 characters
Register Lost password?
sp_TopicIcon
Getting a Mortgage after a DMP
Avatar
Guest
1
29/06/2021 - 2:16 pm

Hello, wondering if you could advise please. I’m currently in a DMP and hope to finish paying it in September (2021) I have no CCJ’s but I do have defaults that have only happened since I have been in my DMP. Once the DMP is settled in full, how quickly am I likely to be accepted for a first time buyer mortgage, and what sort of loan to value % should I be expecting? I know interest rates will be higher. Thank you!

Avatar
Guest
2
29/06/2021 - 2:17 pm

Hi, thanks for getting in contact.

A mortgage is likely to be possible any time between now and the end of the plan so long as you've kept up to date with it.

When the time comes I would expect a deposit of around 20% to be required depending on the exact details unless you were to use a scheme such as Help to Buy.

Avatar
Guest
3
29/06/2021 - 2:18 pm

Thank you for the speedy reply! That’s good news, thanks very much for the info.

Forum Timezone: Europe/London
All RSSShow Stats
Administrators:
Paul Carmen
Top Posters:
Newest Members:
Lavillvap
Jerekioxwes
tgkoknae
GarryInort
NARYTHY121195NERTYTRY
Weireelaw
Akimoxawes
Landexpzwes
NAERTREGE827639NERTHRRTH
Dread_Curly_pysn
Forum Stats:
Groups: 1
Forums: 12
Topics: 165
Posts: 567

 

Member Stats:
Guest Posters: 1
Members: 12
Moderators: 0
Admins: 1
Most Users Ever Online: 207
Currently Online:
Guest(s) 2
Currently Browsing this Page:
1 Guest(s)

Read Our Latest Reviews

4.95 Average - Based on 3456 Reviews

Your home may be repossessed if you do not keep up repayments on your mortgage.