Property News · January 10, 2015

The mortgage that allows students to buy their own homes


Some building societies are willing to lend undergraduates 100% of the cost, up to £300,000, to buy a home – with certain guaranteesHe’s in his third year at university, studying hard ahead of his final exams this year – but, unlike other students, Jonathan Pearson will graduate with a profit, not a student debt. He is not from a wealthy background but stands to make at least £30,000 after buying a home, rather than renting while at college.Most other homebuyers struggle for years to find the necessary deposit, with Halifax reporting this week that the average age of a first-timer has now topped 30. But Pearson did not even have to put down a deposit, managing to obtain a 100% loan from a reputable building society. Continue reading…

Source : theguardian.com
Read more…The mortgage that allows students to buy their own homes

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