Obtaining a mortgage after entering a debt management plan can be difficult, sometimes feeling impossible with most high street lenders unwilling to consider an application after if you have been in a debt management plan within the last 6 years. At Plus Financial solutions we have lenders that will consider applications even are currently in a debt management plan.
How long after entering a debt management plan can you apply for a mortgage?
We currently have lenders who will consider an application 12 months after you have entered the debt management plan, assuming you have made at least the last 12 months payments on time and not suffered any additional credit issues. Typically you would need at least a 15% deposit to be considered.
Contact us today to see how we can help you secure a mortgage after having entered a debt management plan!