Student Mortgages
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Students and mortgages
With the constant shortage of decent university accommodation, and expensive private rents, many students there have opted to buy flats in their university towns and let out the other rooms to their friends.
Student mortgages are particularly popular in Scotland, and for students on other courses where the degree lasts for four years instead of the more common three. For students embarking on professional courses such as Medicine, Architecture, Dentistry or Law, student mortgages are even more appealing because they may stay in the same university town for six or seven years.
Rather than throw thousands of pounds down the drain in rent, students can find themselves graduating with a significant bricks and mortar asset to counterbalance their other debts.
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