Joint mortgage with student - funding mortgage payments from letting income?
in Student MoneySaving
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I have an inheritance which I would like to put down as a deposit for a buy to let mortgage. My daughter is a student and has some savings which she could invest in the property too. However, she would like to live in the property and let out the other room/rooms to students to fund the mortgage repayments. Is it possible? Are there any lenders that would entertain it?
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we are setting this up with Barclays, but our child isn’t a student, though if you have sufficient income it won’t be a problem. They won’t consider the rental income from other rooms, so you would need to be earning enough to avoid it alongside your other commitments.