Student getting a mortgage

AshleyT

dawyldthing wrote: »

can you not get a do a upper at a reduced price, buy it outright and rent it reasonable as then you have it and are making from the start. I'd start small too tbh as theres a lot more to being a landlord, its something i would never do as theres too many pitfalls

Sounds like a good idea . I guess in terms of buying a flat I was moreso thinking about not having to waste rent money. But I think it'll be better for me to wait until I finish next year and am earning.

dimbo61

Many councils are stopping people from turning homes ? into Buy To Let properties. IE more than 3 unrelated people is now a HMO
You could buy a nice 2 bedroom 2 bathroom flat and take a lodger to help pay the mortgage and cut the bills.
You also need to consider where you want to live once you have finished uni ? and if you need to move to another part of the country for your Job/career.
Being a landlord can be a huge pain in the a** and requires a huge investment to comply with all the rules and regs EPC, GSC, Electrical safety inspection, HMO, mains wired smoke alarms, fire doors, and the list goes on and on