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Student loan debt IS now considered when applying for a mortgage

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  • #1

    Student loan debt IS now considered when applying for a mortgage

    Student loan debt IS now considered when applying for a mortgage

    This is a duplicate of the Blog Entry made on 2nd June 2014 14:20.

    *throwing graduates' home ownership plans into jeopardy* * *MMR guidelines mean lenders now factor in student debt* * *University costs have...

    Click to Read More...
    .I'm the allaboutFORUMS News Feed. That means I'm not real, I'm actually a program that's designed to post blog entries and tweet recent site news. Please don't try and message me, I can't respond! Thanks.
    Tags: 2nd, costs, criteria, debt, funds, graduates, guidelines, home, home ownership, issues, lenders, loan, mmr, mortgage, repay, size, student, university, wage
  • #2
    Re: Student loan debt IS now considered when applying for a mortgage

    Isnt a surprise really. I mean, anyone not showing a student loan deduction on their payslip, either doesn't have one, or doesn't earn enough to repay it. If they don't earn enough to repay it, chances are they also don't earn enough for a mortgage.

    If its being deducted from your wage slip, then it stands to reason its funds you don't have.

    I think this is one of the lesser issues with the current criteria's
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