Buy for Uni
Did you know you could buy a property whilst studying at university, instead of privately renting accommodation or using student halls?
Bath Building Society offers mortgages for students that allow them to rent out rooms and use that income in their mortgage affordability calculations, in order to purchase a house whilst at uni.
Instead of using a large chunk of your student loan to pay rent to a landlord, with a Bath Building Society Buy for Uni mortgage you could get on to the property ladder while studying and rent out rooms to help pay the mortgage instead.
Our student mortgages allow you to buy a house for up to 100% of the purchase price, with no deposit (subject to conditions).
The mortgage is available on a joint borrower sole proprietor basis, meaning that you are the only person on the deeds, but your parent/s are joint borrowers on the mortgage. We require both the student and parent/s to have at least 3 years address history in the UK, as well as permanent right to reside in the UK.
The expected income from renting the spare room/s, along with parental income, are used when assessing mortgage affordability, and you may be able to borrow up to £500,000 with this mortgage.
Our student mortgage team are here to help you.