TL;DR - Quick Answer
Debt management plans (DMPs) don't have to prevent mortgage approval. While active DMPs limit options, specialist lenders will consider you. Completed DMPs are viewed more favourably, and some lenders may even see them as responsible debt management.
Key Points
- Active DMPs are considered by some specialist lenders
- Completed DMPs viewed more favourably than active
- Affordability must include DMP payments if active
- Some lenders may require DMP to be satisfied before completion
- The type of debts in the DMP matters
- Demonstrating consistent DMP payments helps applications
Lender Examples
How different lenders approach this scenario
| Lender Type | Accepts | Notes |
|---|---|---|
| High Street | No active or recent DMP | Typically require 3-6 years clear |
| Building Societies | Completed 12+ months | Case-by-case for completed DMPs |
| Specialist Tier 1 | Completed DMPs | Good rates, must show stable finances |
| Specialist Tier 2 | Active with history | 12+ months consistent payments |
| Adverse Specialists | Active DMPs | DMP payments factored in affordability |
Frequently Asked Questions
Need Expert Help With Your Application?
We understand your situation. Get a free assessment from our specialist team.