Prepare the file
Debt management plan evidence
A DMP is usually an informal plan. The monthly payment is a commitment, and the balances still exist until they are paid.
What this page will not do
- A DMP is not an IVA and not a default, though defaults may sit alongside it.
- Stopping the plan to improve a mortgage application is a debt decision this site will not advise.
- It will not name a lender, a product, or an approval chance.
Questions
- Does a DMP show on my credit file?
- The plan itself may not be a single marker. The accounts inside it often are. Read the file.
- Should the payment be in the affordability calculator?
- Yes, as a commitment you enter. The calculator still does not say what you can borrow.
MortgageConnector is a mortgage broker introducer and information service. We do not provide regulated mortgage advice. Where appropriate, we can introduce you to an FCA-authorised mortgage broker who can assess your circumstances and provide advice.
The matching service is free for you. Partner brokers pay MortgageConnector for introductions. If you ask for an introduction, the details you submit are shared with the selected partner. The broker is responsible for regulated advice. Check the firm on the FCA Register.
Your home may be repossessed if you do not keep up repayments on your mortgage.
These figures are illustrative.
An FCA-authorised broker can look at the actual income, credit and property. MortgageConnector introduces you. We do not choose the mortgage.
Match me with a broker experienced with debt plans