Mortgage product for students is good investment

Permalink: Mortgage product for students is good investment
by Kay Murchie

The buy-to-uni mortgage scheme, which allows students to apply for a 100% mortgage on a property secured against their parents’ homes is seen as a good investment according to Moneyfacts, the finance website.

The mortgage has been a huge success since it was launched in April 2006. It was launched by Bath Building Society and it is helping make students become more responsible, the lender highlighted.

Students themselves are making the initial enquiry to find out all the information then passing it to mum and dad when it gets to the technical details.

Parents of university students are constantly looking for ways to help their child get onto the property ladder and many believe this to be a safer alternative than the buy-to-let option. The scheme is also becoming more widespread and demand is heavy in London, north east and the south coast.