This article posted directly by Precise Mortgages outlines their terms for clients who have or have had Debt Management Plans (DMP). In summary:
- Precise Mortgages offers mortgage products for customers with DMPs.
- Mortgages are available up to 85% Loan-to-Value (LTV) for those with DMPs.
- DMPs active for at least 12 months are considered; they don’t need to be repaid on mortgage completion but are included as monthly commitments.
- For active DMPs, Precise Mortgages requires evidence of payment in line with the plan.
- For DMPs satisfied less than 36 months ago, confirmation of full repayment is needed.
If that’s something you thought was off limits for you, get in touch we would be happy to talk you through the details.