Student Mortgages
Student Mortgages
Student mortgages can be arranged depending on circumstances and subject to status. As a student, you will almost certainly not have a steady income or adequate means to keep up with mortgage repayments, so while student mortgages are available, it often entails getting help from your parents.
Features of student mortgages include:
- Requiring your parents to act as guarantors
- A 100% mortgage for the entire value of the property can be offered, subject to parental agreement and status
- Allows students to invest in a property instead of wasting money on rent
Buying a house provides the possibility of having a significant asset to off-set other debts. It is worth considering if the course is in medicine or law, where you can spend 6 or 7 years in your university town. It is important to compare mortgages from a number of providers, both on the high street and online, in order to find the best deal, and be aware of a possible drop in house prices which might incur a loss in property value.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Alternatively click on Student Money advertising links below: