Buyin House. Still a Student
metro_2
Posts: 1 Newbie
Have been a student for past 2 years and i am sick of throwin money down the drain into rented properties
My girlfriend has just finished uni and has started working makinn about £10,000 year. I will be on my placement year and will be earnin about £12,000 but then i have 2 go back for my final year, so it will be back 2 my student loan. I would like to buy a house in the student area. Parents would be gurantor!
Do u think this is a good idea?
Am i rushin into this 2 quickly?
Note: I would like to do this as if it worked out maybe in the next 3 years i would but another and so on.
My girlfriend has just finished uni and has started working makinn about £10,000 year. I will be on my placement year and will be earnin about £12,000 but then i have 2 go back for my final year, so it will be back 2 my student loan. I would like to buy a house in the student area. Parents would be gurantor!
Do u think this is a good idea?
Am i rushin into this 2 quickly?
Note: I would like to do this as if it worked out maybe in the next 3 years i would but another and so on.
0
Comments
-
My boyfriend and I bought a flat last year when I was a first year student at uni.
We managed to get a 100% mortgage for £52,000 from Northern Rock based on my boyfriend's salary of £14,500.
For peace of mind we chose a fixed rate mortgage for the first 3 years, and with the recent interest rate rises we now have a pretty good deal.
Our monthly repayments are less than our rent was, so if you are ready for the commitment, go for it!0 -
My girlfriend and me bought a house as students. We used my dad as a guarentaur and they gave us a 60K mortgage. We got a 3 year fixed mortgage with halifax, who were really helpful.0
-
Try also Bank of Irelands first start....
Good luck!
TQOne day everything I earn will be mine and not the banks... ::rotfl:0
This discussion has been closed.
Categories
- All Categories
- 343K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.6K Spending & Discounts
- 235.1K Work, Benefits & Business
- 607.8K Mortgages, Homes & Bills
- 173K Life & Family
- 247.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards