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Can I use my student loans to buy a house
in Student Money Saving
6 replies 588 views
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?
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