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20 years old and in full time education...
Taiwo_A
Posts: 2 Newbie
Hi
I'm a 20 years old in my first year of university full time education with no source of income. I've been looking around on how to secure a mortgage as a young buyer or as a 20 years old but I can't seem to find anything. most lenders require guarantor to own a property (in England) and my parents are the only people that will be willing to do that and they don't own a property in England. so I'm wondering if anyone out there have any advise on how I can secure a 100% mortgage on buy-to-let considering my circumstances I'd really appreciate it.
I'm a 20 years old in my first year of university full time education with no source of income. I've been looking around on how to secure a mortgage as a young buyer or as a 20 years old but I can't seem to find anything. most lenders require guarantor to own a property (in England) and my parents are the only people that will be willing to do that and they don't own a property in England. so I'm wondering if anyone out there have any advise on how I can secure a 100% mortgage on buy-to-let considering my circumstances I'd really appreciate it.
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Comments
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Your problem isn't that you are a young person. Your problem is that you have
a) No deposit
b) No income
on the circumstances you describe YOU CANNOT GET A MORTGAGE. Stop wasting your time.£1000 Emergency fund No90 £1000/1000
LBM 28/1/15 total debt - [STRIKE]£23,410[/STRIKE] 24/3/16 total debt - £7,298
!0 -
100% mortgages are not available today. Nor mortgages for those without income.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
" in my first year of university full time education "
Enjoy university and get the best degree you can then you can find a good well paid job and save for a deposit
EASY really0 -
This has got to be a joke.0
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Well, I was not joking... so I'd very much like a genuine advise/opinion thank you.0
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Well, I was not joking... so I'd very much like a genuine advise/opinion thank you.
You've had genuine advice, your chance of getting a mortgage in your position is zero.
At the very best you need a deposit to get a buy-to-let mortgage to convince a bank that you can rent rooms to fellow students - this is still a long shot.
Al the best.0
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