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  • FIRST POST
    • Dom_Fletch89
    • By Dom_Fletch89 10th Jul 17, 1:13 PM
    • 22Posts
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    Dom_Fletch89
    Mortgage Enquiry
    • #1
    • 10th Jul 17, 1:13 PM
    Mortgage Enquiry 10th Jul 17 at 1:13 PM
    Hi all,

    Looking for some advice please.

    I have recently been contemplating studying a distance degree which would involve me going for a student loan. Rough figures would work out at £4,000 per year for a 3-year course and repayment of the loan would work out at around £30/month based on current earnings.

    Does anyone think that if I did this it would have a big impact on mine and my partners chances of getting accepted for a mortgage in around a years time?
Page 1
    • amnblog
    • By amnblog 10th Jul 17, 2:05 PM
    • 10,041 Posts
    • 3,907 Thanks
    amnblog
    • #2
    • 10th Jul 17, 2:05 PM
    • #2
    • 10th Jul 17, 2:05 PM
    It will affect your affordability.

    Whether it would 'have a big impact on mine and my partners chances of getting accepted for a mortgage in around a years time' we have no way of knowing.

    If £30 per month is going to mean a yes or no, that would be a worry.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • Dom_Fletch89
    • By Dom_Fletch89 10th Jul 17, 2:28 PM
    • 22 Posts
    • 0 Thanks
    Dom_Fletch89
    • #3
    • 10th Jul 17, 2:28 PM
    • #3
    • 10th Jul 17, 2:28 PM
    It will affect your affordability.

    Whether it would 'have a big impact on mine and my partners chances of getting accepted for a mortgage in around a years time' we have no way of knowing.

    If £30 per month is going to mean a yes or no, that would be a worry.
    Originally posted by amnblog
    £30 a month to me personally won't be a problem at all, just wonder if it would matter to them. I'm sure it won't but just thought I'd ask
    • charlottelianne
    • By charlottelianne 10th Jul 17, 4:03 PM
    • 2 Posts
    • 0 Thanks
    charlottelianne
    • #4
    • 10th Jul 17, 4:03 PM
    • #4
    • 10th Jul 17, 4:03 PM
    It will affect what you can afford as this will be classed as an outgoing but shouldn't affect it massively. Depends on what your other outgoings are but you should be fine.
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