Mortgages with a debt management plan

Get started
illustration of Debt Management Plan

Can I get a mortgage with a debt management plan?

Yes, you can. When you’re applying for a mortgage, a lender will want to understand your current financial situation and assess your affordability, as well as any other issues on your credit report. Working with a specialist bad credit mortgage broker can help you to find the right lender who’ll present your application in a way that showcases the steps you've taken to repay your debts and to prevent the same issue from happening again.

There’s a few different ways a DMP can affect your credit score, and therefore, your mortgage application. 

Some creditors (the people or company you owe money to) will request that a note is added to your credit file to show you’re on a DMP, whereas others might not.

Generally, being on a DMP means that you’ll be making smaller repayments every month than you initially agreed to, and over a longer period of time. That can sometimes go down on your credit report as making underpayments each month. Underpayments can cause issues for your credit report and make it harder to get a mortgage. That’s because it signals to other lenders that you broke the terms of your credit agreement and were unable to keep up with full monthly payments.

Got questions?

What is a Debt Management Plan?

How long does a debt management plan stay on your credit file?

Does a debt management plan need to be satisfied before applying for a mortgage?

Can I get a mortgage after a debt management plan has been settled?

Do I need to put down a bigger deposit with a DMP?

Should I improve my credit score before applying for a mortgage?

How can I improve my credit score before getting a mortgage?

Why use Haysto?

We get how it feels when you’re refused a mortgage. We’ve been there. Haysto exists because the mortgage world is broken. If you don’t have a shiny credit rating, you’re self-employed with a complex income, or just don’t fit the mould, the odds are completely stacked against you. We just don’t think that’s fair.

Read our story
haysto

We help when others won’t

Unlike others, we only work on bad credit, self-employed and complex mortgages. That’s all we do. And we’re up for a challenge.

haysto

Speak to a real person

No robots, no automated answers. We use technology to connect you to a real person. Not replace them.

haysto

Your success is our success

We only get paid when your mortgage is approved.

SAY HELLO TO YOUR SPECIALIST BROKER

Using our platform guarantees you’ll be matched with an expert who has a proven track record of making mortgages possible for people like you. Less processing, more understanding.

Image of mortgage broker Ben Patten

Ben Patten

View bio
Image of mortgage broker Luke Grosse

Luke Grosse

View bio
Image of mortgage broker Sarah Earnshaw

Sarah Earnshaw

View bio
Image of mortgage broker Yogesh Parekh

Yogesh Parekh

View bio
Image of mortgage broker Jemma Talliss

Jemma Talliss

View bio
Image of mortgage broker Paul Clark

Paul Clark

View bio
Image of mortgage broker Lynn Cutts

Lynn Cutts

View bio
Image of mortgage broker Steve Hatton

Steve Hatton

View bio
Image of mortgage broker Jeanette Clark

Jeanette Clark

View bio
Image of mortgage broker Carrie Knight

Carrie Knight

View bio
Image of mortgage broker Jonathan Hunting

Jonathan Hunting

View bio
useful links

Our Guides

Applying for a mortgage or understanding your options shouldn't be confusing, yet there are just so many myths doing the rounds and it's not easy to know where to turn to get the right advice.

Get connected to a default specialist mortgage broker who can make a mortgage possible for you.

Haven't we met before?