Sep 20
Are you having a debt management plan and waiting for its completion to obtain a mortgage for you and your family? If yes then you should know that your debt management plan does not stop you acquiring mortgage in any scenario. But as long as mortgage lenders are related they can take it a unhelpful element in your financial record and can decline to give the facility or can charge higher interest rate for mortgage.
So it is advisable to make your DMP payments on timely basis for at least more than 1 year to show your economic responsibility before your mortgage lender to get a good deal in this case.
Tags: debt management plan, economic responsibility, element, interest rate, mortgage lender, mortgage lenders, timely basis