Mortgages: University debt hits first time buyers

New research has shown just how hard graduate, first time buyers, are hit by the debts built up during their years at university. New figures from the Royal Bank of Scotland (RBS), have shown that not only will first time buyers with student debt, find it harder to save for a deposit,  the loans will also impact on the size of mortgage they can afford to repay. Harder to save for a house deposit The figures from RBS show that student loan repayments will eat up 7% of the disposable income available to a graduate first time buyer, after essential bills are paid....