15:10 PM, 8th March 2023, About 9 months ago
It’s that time of year when students will be looking to sort out accommodation for the upcoming year, so what better time to learn more about our Buy-for-Uni proposition?
A Buy-for-Uni mortgage allows students to purchase a property local to their university, live in it, and rent the other bedrooms to fellow students, making themselves the landlord.
Instead of paying rent to a landlord, the student buys the property and receives rent from their housemates to help cover mortgage payments.
With deposits from as little as 0% and support from parents, they can buy a property near their university and start their journey on the property ladder.
There are no Early Repayment Charges on our Buy-for-Uni mortgage.
So, if the student’s university course ends before the term of the product does, they won’t be charged any extra fees to either convert to a Residential or Buy to Let mortgage, or even sell the property and move on.
Taking out a Buy for Uni mortgage would mean the mortgage is in the student’s name and wouldn’t incur another Stamp Duty cost.
100% LTV 5-year special offer – 5.45% which includes a 1.40% discount from the lenders Standard Variable Rate for 5 years,
To see if you qualify for this mortgage, please contact me using the form below:
Mortgages, Commercial and Bridging Finance, Life Insurance, Wills, Trusts and LPA's
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