Can I get a mortgage while on a Debt Management Plan?

It's very difficult to get a mortgage while actively on a DMP. Most lenders prefer the DMP to be completed and settled for at least 1-2 years. However, some specialist lenders may consider applications if you're near completion with 6+ months of consistent payments.

How long after DMP completion can I get a mortgage?

Most specialist lenders require at least 12 months since your DMP completed. You'll have better options after 2-3 years. Some mainstream lenders may consider you after 3-6 years with a strong credit rebuild history.

What deposit do I need for a mortgage after a DMP?

Expect to need 15-25% deposit after a DMP. The larger your deposit, the better your options. Some lenders may require up to 40% if the DMP was recent or included significant debts.

Will a DMP show on my credit file?

A DMP itself doesn't appear as a single entry, but the reduced payments and 'partial payment' markers on individual accounts will show for 6 years from the date of each payment. These markers are what affect mortgage applications.

Should I complete my DMP before applying for a mortgage?

Yes, always complete your DMP before applying. Applying while on a DMP will almost certainly result in decline and add another hard search to your credit file. Focus on completing the plan first.

Quick Answer

Can I Get a Mortgage After a Debt Management Plan (DMP)?

Last reviewed: December 2025

Reviewed by Jay Sabine – CeMAP Qualified – 29 years experience

Yes, you can get a mortgage after completing a Debt Management Plan, though options are limited while you're still on one.

A Debt Management Plan is an informal agreement to repay debts at reduced amounts, and while it doesn't have the same legal status as an IVA or bankruptcy, it still affects your credit profile significantly. Specialist lenders understand that people enter DMPs to responsibly manage their debts rather than defaulting completely. After completion, you'll need to demonstrate consistent financial management and rebuild your credit history. The key factors lenders consider are: time since DMP completion, total debt included in the plan, your payment history during the DMP, and your current financial stability.

Your home may be repossessed if you do not keep up repayments on your mortgage. Your Home Finance Ltd is authorised and regulated by the Financial Conduct Authority (FCA 989177).

Key Points

1Most lenders require 12+ months since DMP completion
2Larger deposits (15-25%) improve your options significantly
3Partial payment markers remain on credit file for 6 years per account
4Applying while still on a DMP will almost certainly result in decline
5Specialist adverse credit lenders offer the best options after DMP
6Demonstrating improved credit management post-DMP is essential

Eligibility Criteria

DMP completed (not still active)
Minimum 12 months since completion (ideally 2+ years)
15-25% deposit (higher deposits open more options)
Stable employment and income
No new credit issues since DMP completion
Clear affordability without excessive existing debt

Typical Timeframe

After completing your DMP, allow 12-24 months before applying for a mortgage. Use this time to rebuild credit with a credit-builder card (paid in full monthly), ensure you're on the electoral roll, and save towards a larger deposit. Better mainstream options typically become available 3-6 years after DMP completion.

Next Steps

1Ensure your DMP is fully completed and all debts settled
2Check your credit reports from Experian, Equifax, and TransUnion
3Identify any errors or accounts that should be marked as satisfied
4Begin rebuilding credit with responsible credit use
5Save towards the largest deposit possible
6Speak to a specialist mortgage broker who works with adverse credit

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Can I Get a Mortgage After a Debt Management Plan (DMP)?

Key Points

Eligibility Criteria

Typical Timeframe

Next Steps

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