Buy-to-let property may help children through university

17 August 2007
Buying a property in order to allow a studying child to live rent-free will help them manage their finances at university, it has been claimed.

Research from Britannia has found that the average student accumulates debt of up to £14,000 during their higher education course.

Much of this will be on accommodation fees, but a savvy parent with a property in the area might be able to offset some of the arrears by selling up when their child has graduated.

Indeed, a recent study from Britannia found that 57 per cent of potential buy-to-let investors would be happy to take this family-friendly option.

"This is a great way of giving your child a solid financial start in life and a safe place to live while at university," said Neville Richardson, group chief executive at the firm.

A-level results will be posted online and at colleges around the country today.

For some, their outcome will outline their university prospects.

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