Buy for Uni Mortgages
9th December 2019
Buy for Uni mortgages are now offered by three Building Societies. They allow students to buy a property while at university and pay the mortgage with the rent they charge other students.
Of the 2.3 million students in higher education across the UK, over three-quarters, 1.84 million are students studying on full-time or sandwich courses. The majority require student digs during their studies.
While nearly one in five live at home, 317,300 students, the equivalent to one in six live in their own residence, an additional half million more (531,715) in other rented accommodation. Together these two sectors account for nearly half (46%) of all student digs.
Students can borrow 100% of property value, however the 25% deposit required by lenders is put against their parents’ house and there are limits on the type of property that can be purchased.
Who, How and Why of HMO Investors
12th July 2024
Around half of HMO (house in multiple occupation) landlords surveyed said that they use their property or portfolio as their…
Understanding the Labour Party’s Plans for the Rental Market
12th July 2024
With the Labour Party’s recent take over, we look back at their manifesto to identify the significant changes that are…
Explore Non-Traditional Deposit Options, Company Guarantors & Bills Packages: A Win-Win for Landlords and Tenants
12th July 2024
As the rental market evolves, there has been a notable 25%+ increase in demand for alternative deposit solutions, according to…