Student debt changes will not affect buyers

Fears that a change to the law surrounding student debt will prevent first time buyers making it onto the property ladder have been dismissed.

It has been reported that student debt information will be made available to credit reference agencies.

Many are concerned that it will become more difficult for former students to buy a house as a result but Paul Holmes from Firstrung does not believe that the change will have much of an impact.

"I would still say that, in the majority of cases, as far as the evidence I've seen, student debt – despite the figures that the media often likes to paint and shock and bore us with – is still relatively low for a student when they come out of university," he commented.

"It's unlikely to hamper students' ability to buy, and secondly, I think quite frankly a lender would dismiss that kind of commitment a month," added Mr Holmes.

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