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Student Loans Cut House Deposits by £164/Month

Published 1 week ago
Description

Barclays research reveals that individuals with student loans save approximately £164 less per month for a house deposit, averaging £310 compared to £474 for those without debt. Over four in ten loan holders find repayments hinder their financial stability and home saving efforts. First-time buyers are increasingly focusing on homes under £300,000 to avoid stamp duty, with 69% of February 2026 purchases falling into this category, up from 61% the previous year. Mortgage rates are rising due to Middle East tensions and higher swap rates, so experts advise securing deals up to six months in advance for reassurance as costs fluctuate.

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