Student Mortgages
The Loughborough Building Society is a member of the Building Societies Association. The Society is
authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority
and the Prudential Regulation Authority. Financial Services Register number: 157258.
How does the mortgage work?
The principle behind The Loughborough’s Joint Borrower /Sole Proprietor Buy for Uni mortgage is
simple. With the help of family member(s) named on the mortgage it enables students to get onto the
property ladder and buy a house rather than pay a great deal of rent for less than great
accommodation. Spare rooms in the house can be rented to friends or fellow students and the rental
income helps cover the mortgage payments.
The mortgage comes with a range of options that mean family members with a variety of
circumstances could help student relatives become a home owner, even while in full time study.
- A minimum deposit of 20% is required.
- Maximum of three bedrooms, one for the young student and the other two to be
rented out. - Estate agents’ rental projections (per bedroom) are necessary.
- The parents are on the mortgage but not on the deed.
- The house must be within a 10-mile radius of the university.
- The child must be either already enrolled in university or be able to present course
papers.
To learn more about the product, check out the link below or call Team Member Ashley
at (775) 403-1114. https: //www.theloughborough.co.uk/tag/student-mortgages
Agency Support Team
ARKINVESTORS LIMITED Ark Investors Ltd is authorized and regulated by the Financial Conduct Authority No. 952414. Registered address: 36 Charles treet, Newport, Wales, NP20 11T | T: 0333224
4366 | | W: www arkinvestors.co.uk E:[email protected] uk