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Student Mortgages?! - Need advice!
924andrew
Posts: 1 Newbie
Hi, I am a student who has completed two years at University. I am considering buying a four/five bedroom house in Belfast so I can live in it and let the other rooms out to friends. This would mean I would not have to pay rent to someone else and I could use the rent from the other tenants for mortgage repayments?
I have about £10000 currently available and I am doing a student placement this year and hope to have another £10000 saved from that(living at home). I don't really need to have the house untill next summer but feel I should start looking now (as I currently have time).
Is £10000 enough for an initial deposit on a house?
I have also heard rumors going around that you can get a student mortgage with special rates - does anyone know about these and who offers them?
Is this idea a viable one at all or should I just save my money and wait till I start a full-time job?
I have about £10000 currently available and I am doing a student placement this year and hope to have another £10000 saved from that(living at home). I don't really need to have the house untill next summer but feel I should start looking now (as I currently have time).
Is £10000 enough for an initial deposit on a house?
I have also heard rumors going around that you can get a student mortgage with special rates - does anyone know about these and who offers them?
Is this idea a viable one at all or should I just save my money and wait till I start a full-time job?
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