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  • Mortgages & Finance

    Buy for Uni Mortgages

    Hi All,

    Not really a BTL/landlord thing I think but have any of you experience of Buy for Uni mortgages. 

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    See this in Student Accommodation Tribe, https://www.propertytribes.com/buy-for-uni-mortgages-t-127633781.html

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    Yes did one recently for a client. It relied on parent's income.

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    Chartered Accountant, Tax Advisor and Mortgage broker

    (and BTL portfolio owner)

    stuart@johnsonsca.com

    02039077022

    Thanks Stuart was it an easy process? What company did you use if you don't mind me asking.

    I ask this because I contacted Loughborough BS direct and the more I spoke with them the less I liked what I heard. I was told they won't take security on investment property i.e. BTLs only your residential address (if that's what you're doing for security rather than depositing cash) and the representative I spoke with insisted that the product was not for investors. In fact she got quite indignant when it was revealed I was one of those mean and nasty landlord types despite insisting it was my student son that would be buying.

    My fault, I posed the question 'does he actually have to live in the house?'

    Any info much appreciated.

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