Student Loan Debt nearly paid - Affordability?!

TravelBugHappy

Hi

Just a quick question - I will have £1200 student loan debt left when I apply for a mortgage - I pay this monthly, £363 per month (by direct debit it's not deducted from salary as it's nearly paid off).

Will the bank reduce my mortgage amount because of these payments that will be finished 4 months later?

Thanks for your help

betmunch

That would depend on the lender.

The harshest ones would consider the debt as if it was ongoing.

The most relaxed will exclude a debt to be paid off (off the top of my head) within 6 months of completion

TravelBugHappy

Thank you for help

I've just found that barclays don't include loans that are due to be paid off within 6 months and are under £100 so will pay it to under this amount.

Thank you x

TravelBugHappy

I mean £1000 sorry