Buy or Rent?

[amyrrr]

Hi, Im a single mum to an 18month old, I'm studying full time at univeristy and currently live with my parents (hoping to move out this summer now i've saved some money etc).
Can anyone give me any advice on whether I will be given a mortgage, as the repayments for a small 2 bed terraced house would be less than renting one anyway & I could afford it, but will the banks let me as my student loan/grants are my income.
I've heard the only bank willing too atm is Halifax however just wondering if anyone else has been in the same or similar situation and can give me some advice!

Thanks

Well DH and I both work and earn in excess of 40 grand and we can't get a mortgage.

We dont have enough saved. I think it depends on that.

Hmm, its not looking good then. I have enough to put a 10% deposit down. Well there abouts. But apparently most banks dont see student loan/grants as income, so thats my only concern.

I work for a bank, and we wouldn't take either of those as income - loans have to be repaid and grants are not classed as an acceptable income (also are unlikely to be high enough to cover income requirements for mortgage). I don't know of anywhere else which will take them - even if your grants were high enough to meet income requirements, it's like having a temporary job, sooner or later the income from these will stop. Could you get a part time job as well, if you have at least 10% deposit and a decent income from this you may be able to qualify for a mortgage, the more deposit you can save the less income you will need.

HI Girls,
Me and my boyfriend would like to get a mortgage.
We have deposit and we earning enough to get 200 or a bit more but.... my boyfriend has just paid his debt off.
the question is if we can ask bank now and will be fine or we have to wait some time- becouse he has just paid it off. ?

can you help please?

thanks