Likelihood of mortgage for below market value

Brock_and_Roll

Why dont you help your dad rent it out - he will probably let you keep the surplus which you can do to build up a deposit and get your feet under the table in your new job.

Alternatively, you dad might be happy to rent it to you at a very low rent - again allowing you to save the cash to buy the flat or another place down the line.

ch3101

I like the idea of helping your dad to let the flat out for a while.

If you're going on to an accredited graduate scheme then I'd assume that after the next 2 years you should be on ~35k or more.
And of course when you become chartered, if you have a masters, in 4-5 years that should take a jump up as well. (MEng student here by the way, hence the idea of salary progression).

So theoretically, using the overpayment calculator on here and assuming:
- 5% APR
- 20 years left on mortgage
- £1400 PCM rent with 2 months a year unoccupied

After 2 years of mortgage payments, you would have 168k left.

You should also have saved a bit more yourself so you may only need to borrow 140k, which shouldn't be too much of a challenge on like 35k.