March 14, 2006

Student Mortgages

Writing about web page http://education.guardian.co.uk/students/housing/story/0,,1730644,00.html

Students are being encouraged to become landlords by taking out a mortgage under a new scheme launched this week. Undergraduates can take out 100% mortgages on properties worth up to £250,000 then rent out spare rooms to cover the repayments.

How much sense does that make?!

When I was a student I lived in some pretty horrible houses, which landlords obviously didn't care about (mouldy walls, plug sockets hanging off the walls, door locks that couldn't keep a cat out…)

It would also remove the pantomine problem of the "My boiler doesn't work", "Oh, yes it does", "oh, no it doesn't" with the landlord.


- 6 comments by 1 or more people Not publicly viewable

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  1. Makes a lot of sense. Back in the late 80s when my uncle went to Nottingham a member of his house was able to fund a mortgage to buy a house and he ended up living in just those circumstances.

    Unfortunately at the time in the first year I wasn't in a position to do the same otherwise I would have done – renting is money for old rope and often results in very poor properties. The exception being of course renting when someone in the house owns the house.

    14 Mar 2006, 13:35

  2. I'm a land lady. Think it's a great idea. Have been harvesting rent off my fellow students for the last couple of years. Also means that I can get stuff that needs fixing sorted fairly quickly and everyone can have their rooms decorated how they like.

    14 Mar 2006, 16:55

  3. paula price

    where are these mortgages advertised?..............looked everywhere!!
    cheers!

    27 Jun 2006, 16:26

  4. Toks

    To find good deals and free advice on Student Mortgages, please check this link link

    29 Aug 2006, 12:18

  5. Dave Rostron

    I recently came across this Company in London who offer student mortgages. www.capitalfortune.com
    Offered an amazing deal at 4.49% fixed for next 2 years

    16 Sep 2006, 17:16

  6. flora

    does anyone know if you can get a student morgage if you are college, or is it only if you are at unversity?

    04 May 2007, 14:45


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