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21 January 2013

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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