Definition
A DMP is usually arranged with creditors directly or through a provider. The plan itself is informal, but missed payments, defaults and account arrangements associated with the debts can affect credit records and mortgage affordability. Mortgage criteria for active or completed plans vary.
Practical example
A lender may ask for the DMP statement, payment history and current outstanding balances.
Why it matters
Obtain free debt advice before changing a plan simply to improve a mortgage application.
Bad-credit mortgage guideSource and review
Reviewed 16 July 2026. Product criteria and rules can change.
MoneyHelper: debt solutionsDiscuss your mortgage with a broker
We can introduce you to an FCA-authorised mortgage broker. MortgageConnector does not provide regulated advice, and using the matching service does not commit you to proceed.
Request a broker match