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Apply For a Mortgage with a Debt Management Plan (DMP)

Get a mortgage despite an ongoing or recent debt management plan. Borrow up to 6 times your income with only a 10% deposit.

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Debt Management Plan? We can assist.

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Minimum 5% deposit required

Only a 5% is required if you have been discharged for over 3 years. 15% or 10% deposit is required if less than 3 years. 

Our lenders consider DMPs

We have over 20 lenders on our panel that accept DMP. There are plenty of options still available to you, however, it will require the assistance of a mortgage broker to access these lenders. 

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Assess your credit report

It is important to have an up-to-date credit report to assess the impact of your DMPWe recommend using a 30-day free trial with checkmyfile.

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Expert Advice

DMP Lenders

Low Interest Rate

Our fully qualified FCA advisors will identify the most suitable type of mortgage for you.

Our lenders specialise in people with credit issues.

We will compare the interest rates of over 50 lenders on our panel.

In this guide:

  • What is a DMP?

  • Can I apply for a mortgage with a DMP?

  • How much deposit do I need?

  • What happens if I missed payments on my DMP?

  • Should I pay off my DMP early?

What is a DMP?​


A debt management plan is an informal agreement between you and your creditors, to repay these over a certain amount of time. As this is an informal agreement, it is not a legally binding contract. This usually agreed when you are unable to repay the credit commitment and more time is required to make payment. The creditors are not required to freeze interest and may add extra charges on top. 

This can be arranged directly with the creditor or through a third party (e.g. debt management company). Often debts are bundled together for the individual so a single monthly payment can be made. 

It is not necessarily noted on your credit file but lenders may be able to flag these, as it will show on your bank statements. So it is best to disclose this. 

Can I apply for a mortgage with a DMP?

Having a DMP is not a reason to stop you applying for a mortgage. Some lenders do accept recent or ongoing DMPs (however at a higher interest rate).


It is very possible to make a purchase or remortgage while being in a DMP. However, the interest rates being offered are usually higher than otherwise. It is best to talk to a mortgage advisor in order to find the most suitable mortgage product. 

How much deposit do I need?

The deposit amount is required depends on how recently the DMP was paid off. Please see the typical deposit amounts below:

Ongoing DMP - 15% deposit is required

Less than 1 year since DMP - 10% is required

Over 1years since DMP - 5% deposit is required

What happens if I missed payments on my DMP?

Most mortgage lenders will want to see evidence the DMP was kept up-to-date. They will request a payment history from the DMP provider and a copy of your credit report.


Some mortgage lenders do not assess the payments made on a DMP, however the interest rates tend to be higher. Consult a mortgage advisor if you have missed payments on your DMP. 

Should I pay off my DMP early?

We would always recommend you pay off a DMP as soon as possible. Lenders prefer a long time period between a DMP being satisfied and a mortgage application. Therefore, by consolidating it early, you may end saving alot of money in the long run. 

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