Despite recent concerns, one of the UK’s leading financial investment firms has announced that student specific credit agreements will not hinder graduates chances of attaining a mortgage.

It has been reported that a large percentage of would be students are forfeiting higher education, for fear of jeopardising their chances of purchasing a home due to student debt. However, some lenders are offering mortgage products that are specific to graduates and as such offer unique benefits whilst taking the typical graduates financial circumstances into account.

It is believed that such lenders will base their decision on non-education related credit, thus alleviating a huge weight from many a student’s shoulders. Lending institutions, which offer these types of products, will use future affordability predictions as a means to estimate the scale of their mortgage proposal, and in some instances, will offer products up to 5 times the applicants annual income.

If you are looking for any further help and advice with regards to any student related financial matter please contact your local student body. If you are looking for any debt related advice, please feel free to contact us.