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Life after DSA completion

  • 06-03-2022 12:09PM
    #1
    Mammy_or_cake
    Registered Users, Registered Users 2 Posts: 6 ✭


    Hi,

    Does anybody have any experience of completing a DSA (debt settlement agreement) and buying a home within a few years of completing.


    I am due to make the final payment in a relatively straightforward forward process in about 12 months. We would love to purchase a property with the help of a small mortgage in the next 2-3 years.


    There is a lot of information following bankruptcy settlements but I have not gone through bankruptcy. I will be solvent again in 12 months time and have not missed a payment during the lifetime of the DSA.


    Has anyone gone through this and been able to borrow for a new home afterwards? Has it been straightforward? Has the new lender insisted on any additional terms or payments as a result of a previous dsa?


    If anybody could shed any light on this, I would be very grateful. I'm ready now to plan our future!


    Thanks!

    Post edited by Hannibal_Smith on
    Tagged:


Comments

  • #2
    Hannibal_Smith
    Moderators, Society & Culture Moderators, Paid Member Posts: 7,558 Mod ✭✭✭✭Hannibal_Smith


    Mod note

    I've moved your thread to Banking' Pensions and Finance Mammy_or_Cake, which probably a better place for the advice you're looking for.

    Local charter applies

    Thanks

    HS



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