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FTB: Student Loan & Mortgage

cerees
cerees Posts: 19 Forumite
in Mortgages & endowments
Hi,

I had a student loan in 2004, still not paid off.

There seems to be conflicting information whether the loan repayments are taken into account when applying for a mortgage / affordability test? Is it the discretion of the lender?

Also, what about pension contributions? i haven't 'opted in' to my pension via work yet, not sure whether to stay out and hope for best? or do some lenders prefer you saving for pension??

:T:T

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    It varies lender to lender I have found.
  • kingstreet
    kingstreet Posts: 39,316 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Student loan payments are always included, since April 2014.

    Pension payments are included by some lenders, not by others.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.
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