Student Lets

Mortgages for Student Lets

Children going off to university is becoming more expensive, and some parents have decided to solve this problem by becoming student landlords themselves. This is a double-whammy as you not only encourage your children in school but you also have a rental property that can bring you an income for years to come. Parents often spend £100's a term on rent, investing in student accommodation could be a great plan.

Getting a mortgage might be easier for an unconverted house near a university but the demand for this type of property is high as many have already been converted. Finding a mortgage will often involve calculating the risks and rewards of investing in student accommodation and probably isn't for the average high street lender. That's OK though, because we know the lenders who might be prepared to loan on this type of property. As a consequence of this, you may have to pay a higher rate of interest on your mortgage though.

Professional investment companies have been advising their clients to put money into student accommodation recently, so there seems to be mileage in this. They have seen it as a lucrative and important way to get higher returns on savings.

Before you invest money in any student accommodation, it is vital to enter the process with your eyes open, so always research property investments carefully.