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Student Mortgage?

groppo91
groppo91 Posts: 3 Newbie
in Mortgages & endowments
Does anyone know of any lenders willing to lend to a student? I have £85k deposit but no income unfortunately. I was hoping to take into consideration letting rooms to lodgers in order to reach monthly repayments.

Many Thanks

Comments

  • ACG
    ACG Posts: 24,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    alex_163163 wrote: »
    Hate to ask/ don't want to sound rude, but is this a wind up post?! I'm no mortgage advisor but I'm pretty sure if you have no proof of income then you will not get a mortgage. Even if you plan to rent out rooms there is no guarantee you will actually get someone interested in renting it, so no lender will take this into account when looking at monthly repayment affordability.
    Surprisingly there are 1 or 2 lenders who may do this. Possibly one for a broker but with such a healthy deposit there are potentially options.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, 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.
  • alex_163163
    alex_163163 Posts: 310 Forumite
    Seventh Anniversary 100 Posts
    Had no idea this was possible with no proof fo income up front.
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