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First time buyer getting a mortgage whilst on debt management plan with 33%LTV

Hi, I have been paying off my debt management plan for over 2 years and I have about 4 years to go with debts of £8.5k I am in the very fortunate position of being able to borrow around 66% of the value of a property so only needing 33% LTV. I still obviously have the defaults on my file and accorfding to them they won't drop off until 2017/2018. does anyone know of any way I can get a mortgage? I currently am on the electoral role, have not missed a payment whilst on the plan and only had to go on to the plan because I lost my job and I panicked. Any advice would be great. Many thanks

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Sorry I should also say that the 66% is from my parents and is only to be used for a house and there is no question of them paying off my DMP for me. Thanks



Defaults stay on your record for 6 years, so either they have mis-quoted the 2017/2018 or your last default was less than 2 years ago. Are you back in employment? If not, you won't get a mortgage. You say you are only after 33% LTV, but what multiple of salary is that? They are only lending 3x to people with clean records. Do you have a credit card that you can use that is not under the DMP? If so, use it for small amounts and pay it off in full every month. That would help to boost your rating. Set up a Direct Debit so you don't miss any payments. Your parents could stand as guarantors for the 33% you want to borrow, which might help to persuade the lenders, but they have already offered a lot! Mike