We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Postgraduate Loan - Halifax mortgage
Options
Sparko2016
Posts: 2 Newbie
Hi there,
I've taken out one of the new postgraduate loans this year. Repayments don't start until April 2019.
Can anyone confirm if Halifax would take this into account when looking at a mortgage application? Obviously it doesn't show up on my credit score or last three months bank statements and I'm not making repayments for another three years...
Many thanks,
Sparko
I've taken out one of the new postgraduate loans this year. Repayments don't start until April 2019.
Can anyone confirm if Halifax would take this into account when looking at a mortgage application? Obviously it doesn't show up on my credit score or last three months bank statements and I'm not making repayments for another three years...
Many thanks,
Sparko
0
Comments
-
They take into account 3% of an HTB Equity Loan where payments don't start for five years, so I suspect they will want to do similar to you.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.0
-
Thank you - would that need to be declared as part of getting a DiP or just on the full application?0
-
Entered in the affordability calculator to ensure you can borrow what you need.
Then included in the agreement in principle, which forms the basis of the full application once a property has been found.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.0 -
Sparko2016 wrote: »Can anyone confirm if Halifax would take this into account when looking at a mortgage application? Obviously it doesn't show up on my credit score or last three months bank statements and I'm not making repayments for another three years...
The debt exists so will need to be declared on full application.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards