Are There Mortgage Options After a Debt Management Plan?

If you’ve managed to repay a Debt Management Plan, are you now in a position to apply (and qualify for) a good mortgage rate? The guide to mortgages after a DMP from Revolution Finance Brokers.

About your mortgage

Error: Yearly income income must be between £1 and £10,000,000.

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Based on your yearly income, you may be able to borrow:


Most lenders will let you borrow 4.5 times your annual salary so, as long as you have a standard 10% deposit, you should be able to borrow this much.


Depending on your personal circumstances, some lenders may let you borrow 5 times your salary.


Lenders usually cap the amount they lend at 5.5 times your salary, so it’s unlikely you’ll be able to borrow more than this.

This calculator is an estimation of how much you could borrow. If you’re ready to take out a mortgage, speak to a Revolution brokers to see what options are available.

Are There Mortgage Options After a Debt Management Plan?

Debt management plans (DMPs) are usually used to pay back personal borrowing through loans, credit cards or payday loans. While having a DMP on your credit file can make it harder to get a mortgage, there are specialist lenders who can help.

In this guide, the Revolution team runs through how mortgages alongside or after debt management plans work and what factors will impact the assessment process.

For more information about securing a mortgage following credit issues, or to get a new application started, give us a call on 0330 304 3040, or email the team at

Is it Possible to Get a Mortgage If I am In a Debt Management Plan?

It is possible, yes. Even if you are in a current DMP, if you can demonstrate that you can afford to keep up with the repayments and additional mortgage repayments, you can find lenders who will approve your application.

The primary criteria are to show that you have since been keeping up to date with your debts. Most lenders will need to see at least six months or a year of steady repayments.

Lenders will also consider:

  • How long your DMP has been active - if it has just been established, it will be harder to find a suitable lender.
  • The amount you owe.
  • The period the DMP is expected to run for.
  • Why you ended up with a debt management plan.

Every mortgage provider will have different policies, so whereas some will reject any applicant with a DMP, others will be more flexible.

Should your DMP relate to payday loans, you might find it harder to secure a mortgage as this type of lending is considered extremely high risk.

What are the Eligibility Criteria for a Mortgage After a DMP?

In general, lenders will need to see that you meet their criteria as closely as possible if you have any credit issues on your account.

  • Deposit - usually needs to be at least 15%.
  • Credit history - lenders may be reluctant to lend if you have any additional debts or credit issues in addition to your DMP.
  • Income - you will usually be able to borrow up to 4.5 times your annual income as a mortgage maximum. Some lenders will offer a higher multiple, although this is less likely in a bad credit scenario.
  • Affordability - lenders will deduct your debt repayments from your income to arrive at a net expendable income figure and use this to cap the value they will lend.

Can I Get any Help Buying a Property Following a Debt Management Plan?

There are a few different schemes you might be eligible for, although you'll usually need to submit a minimum deposit to qualify. None of these schemes excludes applicants who have an existing or discharged DMP.

  • Help to Buy provides a 20% equity loan against your property's value, provided you have a 5% deposit. That means contributing a 25% deposit and that a lender will be more likely to accept your mortgage application.
  • Shared Ownership allows you to purchase a stake in your property from 25% up to 75%. You pay the housing authority rent for the balance they retain and can buy more shares over time.
Why Revolution Brokers?
  • Whole of market brokers

  • Mortgage that suits you

  • On time customer support


How does our broker-matching service work?

Yes, even if you're in a debt management plan, you can still apply to remortgage your existing property. This is often a way to consolidate debts and release equity in your home to raise capital.

If you remortgage to pay back the debt included in your DMP, it will show on your credit file as settled.

It can do, yes. If you have a joint mortgage or loan with your partner and end up in a DMP, the lender report may show this on your partner's credit file - if they are a second cardholder, it usually won't have an impact.

You can enter into a shared debt management plan, incorporating joint or individual debts together.

Some lenders will offer a secured loan during a DMP, although you will need to check the plan's terms to see whether you're permitted to apply for further credit.

Most providers will charge higher interest rates for loan applicants with any adverse credit, including an active debt management plan.

If you have had any bad credit issues, it is vital to consult an independent, whole-of-market broker to ensure you apply to a mortgage lender who can consider your circumstances.

For help with a mortgage application either during or after a DMP, give the Revolution Finance Brokers team a ring on 0330 304 3040, or email us at

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FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

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