Student Loans ARE now considered for mortgage applications

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Snowdrops
Posts: 4667
Joined: Wed Nov 21, 2007 5:20 pm

Student Loans ARE now considered for mortgage applications

Post by Snowdrops »

So, it seems as if our greatest fears have been realised. Student loans are now being taken into consideration when applying for mortgages under recent changes. As the majority of youngsters these days are encouraged to go to university, together with high house prices, it seems in a few years time that no-one will be buying houses. Well, that's one way to bring down the cost of houses! :roll:

Apologies for the DM link:

http://www.dailymail.co.uk/money/mortga ... tgage.html" onclick="window.open(this.href);return false;
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scary mum
Posts: 8867
Joined: Mon Mar 15, 2010 3:45 pm

Re: Student Loans ARE now considered for mortgage applicatio

Post by scary mum »

I guess it's hardly surprising as it is an outgoing, like any other payment. Looks as though we will all have boomerang kids...
scary mum
Guest55
Posts: 16254
Joined: Mon Feb 12, 2007 2:21 pm

Re: Student Loans ARE now considered for mortgage applicatio

Post by Guest55 »

I did predict this and said that some of the advice was likely to be incorrect.
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