Noticed some changes? You can read all about the improvements we've made on the Forum in our latest announcement. We also have a new set of Forum rules so please take the time to give them a read and familiarise yourself.

Can I use my student loans to buy a house

My boyfriend and I are tired of paying ridiculous amounts to rent sub par houses and want to buy a house instead. He's in full time work, I'm in part time and am also a student. Both our parents have saved money over the years for us to be able to use as a deposit for a house but both our incomes are fairly low (his is £21,500 and mine is around £10,000). I'm getting a maintenance loan of £3,900 this September and was wondering if I could use this as "extra income" when applying for a mortgage, as technically this is a guaranteed income to me and I use it for rent anyway so why couldn't I use it to pay off a mortgage?


Sign In or Register to comment.
Latest News and Guides

New plastic £50 note in circulation

Inventor and codebreaker Alan Turing is pictured

MSE News

TV MoneySaving tricks

How to save on Sky, Netflix, Now TV, Prime Video and more

MSE Guides

Pret subscription loophole

Get a month's worth of free smoothies, frappes, coffee etc

MSE Deals