Can I get a mortgage as a student?
The answer is yes! The good news is that you can get a mortgage when you’re a UK student, and there are many providers happy to help you do so.
There are many mortgage providers who offer mortgages to students however, there are some additional stipulations for these types of mortgages. Because many students will at most only be working part-time, and therefore on a limited income, it’s often difficult to pass lenders’ affordability tests to get a mortgage so this means that the lenders will usually require additional security from a guarantor (e.g., parent or other family member) to ensure you can handle repayments over the long-term.
If you would like to explore the option of a mortgage rather than throwing away money on student lets, IMS have expert mortgage brokers can set you on track to achieve this. Whether you are a mature student, a PHD student, a medical student, or a student with university debt, there are plenty of mortgage providers ready to help you get started on the property ladder.