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Old 26th Sep 2017, 17:37
  #461 (permalink)  
31Pilot
 
Join Date: Aug 2016
Location: Scotland
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There's a lot of talk about underwriting loans, but even if offered I'd be cautious.

BBVA were the only lender to offer a product with a 24 month payment holiday, and nobody has mentioned this of other lenders.

Once BBVA withdraw their product that leaves people sourcing loans from elsewhere - and it's entirely possible there will be no payment holidays. You could only then assume that this underwriting would be on a loan in which you would start making payments immediately (while you are studying with L3)

Lenders are unlikely to offer a payment holiday of longer than 12 months and more unlikely to do so at the start of the loan. High street lenders will be looking for your first payment a month after they release that money.

I just hope everyone here in their early 20s are aware with the financing of it all and how banks lend money.
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