University mortgages for students

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University mortgages

Venturing into the property market as a student can seem like a daunting journey. Yet, with the right information and guidance, it’s a pathway that can offer both financial benefits and a sense of stability during one’s academic years. The concept of a ‘university mortgage’ has emerged as a tailored solution for students and their families, providing an alternative to traditional renting or campus accommodations.

This guide dives deep into the intricacies of the university mortgages, exploring its various facets, eligibility criteria, and the role of guarantors, among other vital aspects.
Whether you’re a domestic student, an international scholar, or someone juggling studies with a part-time job, this guide aims to shed light on how a university mortgage could be a viable option for you.

What is a university mortgage?

A university mortgage, in the general sense, refers to a type of mortgage product specifically designed for university students or sometimes staff members. The concept stems from the increasing costs of student accommodation in many countries, including the UK. Rather than paying rent or university-provided accommodation fees, which doesn’t provide any return on investment, a university mortgage allows students or their parents to purchase a property. The student can live in the property while studying and possibly rent out any additional rooms to other students as a source of income. This approach can be viewed as an investment, as the property may appreciate in value over time, and the rental income can help offset the costs.

Additionally, once the student’s university course is completed, the property can be sold or continued to be rented out, offering potential financial benefits. However, eligibility criteria, interest rates, and terms for university mortgages might differ from traditional mortgages, and it’s essential to consider these factors before proceeding.

How does Buy for Uni work?

“Buy for Uni” is an innovative mortgage scheme introduced by some lenders, notably the Building Society in the UK, targeting university students. The idea is to help students purchase homes while they study, turning them into homeowners much earlier in their lives. Here’s a brief overview of how it works:

Eligibility: Primarily, the student should be in higher education in the UK. The scheme may cover students aged 18 and above who are attending or accepted into a UK university.

Property proximity: The property being purchased typically needs to be close to the university where the student is studying.

Guarantors: Usually, a family member (often parents or guardians) acts as a guarantor for the mortgage. This means they take on the responsibility to cover the mortgage repayments if the student fails to do so.

Property value: The loan amount provided can be up to a certain percentage of the property’s value. This means students might only need a relatively small deposit, which can sometimes be covered by the family’s home if there’s enough equity in it.

Rental income: The student can rent out spare rooms to fellow students, using the rental income to help cover the mortgage repayments. This way, not only does the student secure accommodation for themselves, but they can also get assistance in meeting the mortgage costs.

Repayment: The mortgage may be interest-only for a certain period, meaning the student would only pay off the interest and not the capital. Once they graduate and start earning, they can then begin repaying the principal amount.

Future choices: After their studies, the student has multiple choices. They can continue living in the property, sell it, or keep it as a rental property. The flexibility ensures that they can make decisions based on their circumstances and the property market’s state.

“Buy for Uni” is a novel approach to address the high costs of student accommodation. However, like any financial decision, it’s crucial for students and their families to understand the potential risks and benefits. Before proceeding, it’s advisable to seek independent financial advice to determine if it’s the right choice for their specific situation.

How do I apply for a university mortgage in the UK?

Applying for a university mortgage (or a scheme like “Buy for Uni” in the UK) involves a series of steps similar to a conventional mortgage application but with some specific considerations.

Here’s a general process:

Research: Begin by researching lenders that offer university mortgages or specialised products like “Buy for Uni”. Not all banks or building societies may offer such products, so it’s essential to find the ones that do.

Eligibility check: Ensure you meet the eligibility criteria. For most university mortgage schemes, the student must be aged 18 or above and be attending or accepted into a UK university.

Seek advice: Consult a mortgage advisor or broker who has experience with university mortgages. They can guide you on the best products available, interest rates, and any potential pitfalls.

Choose a property: Typically, the property needs to be within a certain distance of the university the student will attend. Start your property search keeping this in mind.

Deposit: Find out how much deposit you’ll need. Some schemes might allow the family home to be used as security, reducing or eliminating the need for a deposit.

Application: Complete the mortgage application form provided by the chosen lender. This will include details about the student, the guarantor (often a parent or family member), the property, and financial details.

Documentation: Provide necessary documents such as proof of university enrollment, identification documents for the student and guarantor, proof of income (if applicable), and details about the property being purchased.

Valuation: The lender will typically commission a valuation of the property to ensure it’s worth the amount being borrowed.

Offer: If your application is successful, you’ll receive a mortgage offer detailing the terms, interest rate, and other essential details.

Legal process: Engage a solicitor or conveyancer to handle the legal aspects of purchasing the property. They’ll take care of the property searches, contracts, and the eventual transfer of ownership.

Completion: Once all legal processes are complete, and the mortgage is in place, you can finalise the purchase, and the student can move into the property.

Remember that the specific process and requirements may vary depending on the lender and the nature of the university mortgage product. It’s always a good idea to be thorough in your research and to consult professionals when making such decisions.

What lenders in the UK offer university mortgages?

The primary lender that gained attention for its “Buy for Uni” mortgage product was the Bath Building Society. However, the financial landscape can change, and new products or lenders might have entered the market since then.

If you’re interested in a university mortgage, we’d recommend:

  • Checking directly with major UK banks and building societies to see if they’ve introduced similar products.
  • Consulting with a mortgage broker who specialises in student or alternative mortgages, as they would have the most up-to-date information.
  • Visiting comparison websites which often highlight niche mortgage products.
  • It’s essential to stay updated with the latest offerings in the market since financial products and offerings can evolve rapidly.

Who is eligible to apply?

To be eligible to apply for a university mortgage in the UK, typically the applicant must be a student aged 18 or above and either attending or accepted into a UK university. The mortgage scheme may require the property being purchased to be within a certain distance of the university the student is attending.

Often, a family member, like a parent or guardian, must act as a guarantor for the mortgage, taking on the responsibility to cover the mortgage repayments if the student fails to do so. The specific eligibility criteria might vary depending on the lender and the exact nature of the university mortgage product being offered.

How much can I borrow?

The amount you can borrow for a university mortgage in the UK typically depends on various factors, including the value of the property you’re looking to purchase, your income (if any), and the income or equity of your guarantor, often a parent or family member. In some cases, lenders may allow you to borrow up to a certain percentage of the property’s value.

Additionally, the rental income potential, if you plan to rent out spare rooms to fellow students, can also influence the amount the lender is willing to let you borrow. However, the exact amount varies by lender and individual circumstances. It’s always advisable to consult directly with the lender or a mortgage advisor to get an accurate figure tailored to your situation.

What is the minimum deposit required for a university mortgage?

For a university mortgage, the minimum deposit required can vary depending on the specific lender and the product’s terms. In some instances, lenders might offer higher loan-to-value (LTV) ratios for these types of mortgages, meaning the deposit required could be relatively low. For example, a scheme might allow students to borrow up to 100% of the property’s value if a family home is used as security, eliminating the need for a deposit. In other scenarios, a lower LTV might be in place, necessitating a deposit.

The exact percentage or amount for the deposit will differ among lenders and the mortgage product’s conditions. To get precise information, it’s recommended to check directly with potential lenders or consult a mortgage advisor familiar with university mortgages.

University mortgage rates and fees

University mortgage rates and fees can differ from traditional mortgages due to the unique nature of the product and the perceived risks associated with lending to students. Here’s a general overview:

Mortgage rates:

The interest rate for a university mortgage can be either fixed for a set number of years or variable, depending on the Bank of England base rate or the lender’s standard variable rate.

Given the potentially higher risk associated with lending to students, the interest rates might be slightly higher than conventional mortgages. However, this is not a rule, and rates can be competitive, especially if there’s a guarantor involved.


Arrangement fee: This is a fee for setting up the mortgage. Some lenders might waive it as a promotional offer, while others may charge a fixed amount or a percentage of the mortgage value.

Valuation fee: Lenders usually commission a valuation of the property to ensure its value matches the mortgage amount. This fee can vary based on the property’s price.

Legal fees: These are fees related to the legal processes of purchasing property. They are paid to the solicitor or conveyancer handling the property’s legal aspects, including property searches, contracts, and transferring ownership.

Early repayment charge (ERC): If you decide to repay the mortgage early or switch to another product or lender before the end of an initial deal period, you might be charged an ERC.

Exit fees: Some lenders might charge a fee if you repay your mortgage in full and close the account.

It’s worth noting that the specifics of rates and fees will vary by lender, the nature of the university mortgage product, and individual circumstances. Before committing, always ensure you fully understand the associated costs and compare different offers to get the best deal.

What can be used as security for a student mortgage?

For a student mortgage or university mortgage in the UK, typically the primary security is the property being purchased itself. However, given the perceived higher risk of lending to students who may not have a steady income or credit history, additional security might be required. Here’s what is commonly used:

Guarantor: A significant feature of student mortgages is the use of a guarantor, typically a parent or close family member. This person guarantees to cover the mortgage repayments if the student fails to do so. The guarantor’s income, credit history, and assets are taken into account by the lender to determine the mortgage’s terms.

Family home equity: Some student mortgage schemes might allow the family’s primary residence to be used as additional security. In these cases, the lender takes a legal charge over a portion of the family home’s equity. This means that if there’s a default and the sale of the student property doesn’t cover the debt, the lender could seek repayment from the equity in the family home.

Savings: In certain instances, a family member’s savings can be used as security. The savings might be held in a specific account with the lender and could be accessed after a set period, or once a certain portion of the mortgage has been repaid, provided there are no payment defaults.

When considering a student mortgage, it’s crucial to understand the implications of providing security, especially when it involves the family home or a guarantor’s assets. Both the student and the guarantor should seek independent financial advice before proceeding to ensure they’re making an informed decision.

Are university mortgages a good investment for parents in the UK?

University mortgages present an opportunity for parents in the UK to invest in the property market while simultaneously addressing their children’s accommodation needs during their studies. Whether or not it’s a good investment depends on several factors.

Firstly, if property prices in the university town or city are rising, purchasing a property can offer capital appreciation. By the time the student finishes their studies, the property might be worth more than its purchase price, presenting an opportunity for profit upon sale.

Secondly, the rental income potential is another aspect to consider. If the student property has spare rooms, these can be rented out to other students, generating income that can offset mortgage payments or provide additional cash flow. Over several years, this rental income can significantly reduce the overall cost of ownership.

However, there are risks and costs to consider. Property prices can also fall, leading to potential financial losses. Owning a property comes with responsibilities like maintenance, repairs, and dealing with tenants, which can be time-consuming and costly. There’s also the potential risk of periods without tenants, leading to loss of rental income.

Additionally, while university mortgages might have higher interest rates than standard mortgages, parents need to weigh this against potential savings from not paying rent or university accommodation fees over the years.

In conclusion, while university mortgages can be a beneficial investment for some parents in the UK, they aren’t without risks. Each family’s circumstances, financial position, and the property market’s state in the specific university location should be carefully evaluated before making a decision. Seeking advice from a financial advisor can provide a clearer picture tailored to individual needs.

How do university mortgages compare with rent-to-own schemes?

University mortgages and rent-to-own schemes are two different housing solutions, each with its unique features and benefits. Here’s a comparison between the two based on several aspects:


University mortgages are designed primarily to help students (with the support of their parents or guardians) purchase properties while attending university. These mortgages allow students to potentially benefit from property appreciation and rental income from letting out additional rooms.

Rent-to-own schemes, also known as “rent-to-buy” in some contexts, are designed to help individuals who can’t afford a deposit for a mortgage to get onto the property ladder. Tenants rent a property for a certain period with the option (or sometimes the obligation) to buy it later, often using a portion of the rent they’ve paid as a contribution towards the purchase.


With university mortgages, the student becomes a homeowner immediately upon purchasing the property, albeit with a mortgage debt.

In rent-to-own schemes, the tenant doesn’t become the owner until after a specified rental period, when they exercise the option to buy the property.

Financial commitment:

University mortgages require a financial commitment in the form of mortgage repayments. There might also be a need for a deposit, though some schemes could allow using a family home’s equity as security, reducing or eliminating the deposit.

Rent-to-own schemes generally require tenants to pay rent, which might be higher than standard rent. Part of this rent might be set aside to contribute towards the property’s eventual purchase.


University mortgages offer flexibility in terms of property choices and the potential to benefit from capital appreciation. After studies, students can continue living in the property, rent it out, or sell it.

Rent-to-own schemes are more rigid. They often come with stipulations about property maintenance, and there might be penalties or loss of accumulated contributions if the tenant decides not to buy at the end of the rental period.


University mortgages come with the risks associated with homeownership, such as potential property value depreciation and responsibility for repairs and maintenance.

With rent-to-own schemes, there’s the risk of losing accumulated contributions towards buying if one decides or is unable to purchase the property at the end of the rental period.

Both university mortgages and rent-to-own schemes have their pros and cons, and the better option depends on individual circumstances, financial position, and long-term goals. Before deciding on either, it’s advisable to seek independent financial advice.


University mortgages offer several advantages to both students and their families. Here are some of the primary benefits:

Potential for capital appreciation: If property values in the university town or city rise, the property might increase in value over the years. This means that by the time the student finishes their studies, the property might be worth more than its purchase price.

Rental income: Owning a property with multiple rooms provides an opportunity to rent out spare rooms to other students. This rental income can help offset mortgage payments or even create a profit.

Avoiding rental costs: Instead of paying rent for university accommodation or private rentals, students can invest that money into a property they own.

Building equity: Monthly mortgage payments contribute to building equity in the property, which can be beneficial for the student’s financial future.

Greater autonomy and flexibility: Owning a property gives students more autonomy over their living conditions. They can make decisions about maintenance, decoration, and overall management without dealing with landlords.

Potential tax benefits: Depending on the UK’s prevailing tax laws, there might be potential tax benefits associated with owning a property, especially if it’s rented out.

Learning experience: Owning and managing a property can be a valuable learning experience for students, teaching them about financial responsibility, property maintenance, and tenant management.

Post-university options: After completing their studies, students have several options: they can continue living in the property, rent it out for consistent income, or sell it.

Future financial foundation: For students who wish to stay in the area post-graduation, the property can serve as a starter home, eliminating the need to enter the housing market anew.

Security: Owning a property can provide a sense of security, knowing you’re not subject to the whims of landlords or yearly rental price hikes.

While university mortgages offer numerous advantages, it’s also essential to consider the associated risks and responsibilities. Combining these advantages with the potential risks will give a comprehensive picture to make an informed decision.

Risks that you need to be aware of

When considering a university mortgage, there are several risks to be aware of, both for the student and the guarantor (typically a parent or guardian):

Property value fluctuation: Like any property investment, there’s the risk that the property’s value might decrease over time. If you decide to sell the property after the student finishes their studies, it might sell for less than the purchase price.

Rental income uncertainty: If part of the mortgage repayment plan relies on rental income from letting out spare rooms, there’s the risk that you might not always have tenants or that tenants might not always pay on time.

Interest rate fluctuations: If you opt for a variable rate mortgage, there’s the potential for interest rates to rise, which could increase monthly repayments.

Maintenance costs: As a homeowner, you’ll be responsible for all maintenance, repairs, and upkeep of the property. These costs can be unpredictable and might strain your budget.

Potential for negative equity: If property values drop significantly, you could end up owing more on the mortgage than the property is worth.

Guarantor risk: For mortgages where a parent or guardian acts as a guarantor, they are responsible for the debt if the student defaults. This commitment can affect the guarantor’s credit rating and financial standing.

Lack of flexibility: Owning a property might limit the student’s flexibility. For instance, if they decide to transfer to a different university, the property’s location might no longer be convenient.

Exit fees: If you decide to switch to a different mortgage product or lender, there might be fees or penalties associated with early repayment.

Potential for longer debt commitment: Unlike traditional student accommodation, where costs are limited to the study period, a mortgage is a longer-term financial commitment that might extend well beyond the student’s university years.

Market liquidity: If you need to sell the property quickly, you might be affected by market conditions that could make selling difficult or result in selling at a loss.

While a university mortgage offers numerous benefits, such as potential property appreciation and rental income, it’s crucial to be aware of and prepare for the associated risks. Before entering into such a financial commitment, seeking advice from financial professionals can help in making informed decisions.

How do university mortgages differ from traditional mortgages?

University mortgages and traditional mortgages are tailored to cater to different needs and demographics. Here are some of the primary distinctions between the two:

Purpose and target audience: University mortgages are designed specifically for students attending university. The aim is to help them buy a property in which they’ll reside during their studies, potentially alongside other student tenants.

Traditional mortgages are for the broader population, catering to anyone looking to buy a property, whether for residence, investment, or other purposes.

Income assessment: Given that most students don’t have a stable, high income, university mortgages often rely more on parental or guardian support. Lenders might assess the income and creditworthiness of a guarantor, typically a parent, instead of the student’s financial situation.

Traditional mortgages assess the applicant’s income, credit history, and overall financial health to determine eligibility and terms.

Security and guarantors: Many university mortgages require a guarantor, usually a parent or family member, who commits to covering the mortgage repayments if the student defaults.
While some traditional mortgages might also accept guarantors, especially for first-time buyers, they’re not as integral to the process as they are with university mortgages.

Property use: University mortgages assume that the property will be used primarily for student accommodation, possibly with multiple student tenants in different rooms.

Traditional mortgages can be used for various purposes, from single-family homes to investment properties.

Deposit and equity: Some university mortgages might offer higher loan-to-value (LTV) ratios, potentially allowing students to borrow with a smaller deposit. In some schemes, a family home’s equity might be used as security to reduce or even eliminate the need for a deposit.
Traditional mortgages typically require a set deposit, with the amount often determining the interest rate and terms of the mortgage.

Term Length: University mortgages might have specific term lengths aligned with the duration of university courses, although longer terms can be available.

Traditional mortgages generally offer a broader range of term options, often ranging from 15 to 30 years or more.

Flexibility: Some university mortgages might offer more flexible terms, considering the unique situation of students, such as payment breaks during non-term times.

Traditional mortgages might have stricter and less adaptive terms, given the wider range of applicants and purposes.

Exit and early repayment: Given their specific nature, university mortgages might have different conditions for early repayment or changing mortgage terms compared to traditional products.
Traditional mortgages usually have established criteria for early repayment charges and refinancing.

Both types of mortgages have their advantages and suitability based on the individual’s circumstances. Anyone considering a university mortgage should seek advice and compare it to other available options to make an informed decision.

Do students need to pay stamp duty?

In the UK, students buying property are subject to the same stamp duty rules as any other purchaser. Stamp duty is a tax paid on property purchases, and its rate varies depending on the property price and certain other conditions.

However, there are some important considerations to note:

First-time buyers, which many students may be, were given relief on stamp duty for property purchases up to a certain threshold.

This relief meant they didn’t pay stamp duty on properties up to a specified value and a reduced amount on properties with values just over this threshold.

However, if the property being purchased is in addition to any other properties the student might own (unlikely, but possible) or if parents are also named on the deeds, and they own other properties, then it might be considered an additional property. Purchases of additional properties usually attract higher rates of stamp duty.

The exact rates and thresholds for stamp duty can change based on government policy and might differ between England and Northern Ireland, Scotland (where it’s called Land and Buildings Transaction Tax), and Wales (Land Transaction Tax). It’s always advisable to check the current rules or consult with a property solicitor or advisor before making a purchase.

What advice is there for first-time university mortgage applicants?

For first-time university mortgage applicants, navigating the process can be a mix of excitement and uncertainty. Here’s some advice to help guide them:

Research and understand the product: Before diving in, understand what a university mortgage is, its benefits, and potential risks. Familiarise yourself with the terms and conditions specific to these mortgages.

Check eligibility: Not all students may qualify for a university mortgage. Often, a parental guarantor is required. Understand the criteria, which might include age, university attendance, and the need for a guarantor.

Consider the long-term commitment: A mortgage is a long-term financial obligation. Think about your plans after university – will you stay in the same city, rent out the property, or sell it? Understand the implications of each choice.

Budget wisely: Factor in all the costs associated with buying and maintaining a property, including the mortgage repayments, maintenance, insurance, and potential periods without rental income.

Seek financial advice: It’s wise to consult with a financial advisor or mortgage broker who can guide you based on your specific circumstances and help you find the best deal.

Understand the market: Research the property market in your university city. Are property prices rising or stagnant? Which areas are popular and safe for students? This knowledge will inform your purchase decision.

Think about potential tenants: If you’re planning to rent out spare rooms, consider the kind of tenants you’d be comfortable living with. Understand tenant rights and your responsibilities as a landlord.

Factor in additional costs: Remember costs like stamp duty, valuation fees, surveyor fees, and legal fees when budgeting for your property.

Review the fine print: Thoroughly review any mortgage agreement before signing. Understand the terms, interest rates, any penalties, and your rights and responsibilities.

Plan for the unexpected: Life can be unpredictable. What happens if you transfer universities or decide to study abroad for a semester? Consider how such changes might affect your mortgage and property.

Stay updated: Mortgage regulations, interest rates, and housing laws can change. Stay informed to ensure you’re meeting all obligations and taking advantage of any benefits.

Build a support system: Owning property can come with challenges, from maintenance issues to dealing with tenants. Have a support system in place, whether it’s family, friends, or professionals you can call on for advice or assistance.

Entering the property market as a student can be a significant advantage, but it’s essential to approach the process informed and prepared. With careful planning and the right support, a university mortgage can be a fruitful investment for your future.

University mortgage specialists

If you’re considering a university mortgage in the UK, it’s essential to seek advice from specialists who understand the niche nature of these products. Here are some general types of specialists you might consider consulting:

Mortgage brokers: Some mortgage brokers specialise in student or university mortgages. They can provide advice tailored to your needs, help you understand the application process, and connect you with suitable lenders.

Financial advisors: A financial advisor can help assess the viability of taking out a university mortgage based on your financial situation, considering both current circumstances and future projections.

Property solicitors: When purchasing property, it’s wise to have a solicitor who can guide you through the legal process. Some solicitors might have experience with student property purchases and can advise on related legal considerations.

Student property estate agents: In university towns and cities, some estate agents specialise in student properties. They can provide insights into the best locations, expected rental income, and other property-specific details.

University financial support services: Many universities offer financial advice and support services for students. While they may not specialise in mortgages, they can provide general financial guidance and possibly refer you to local specialists.

Lenders with specialist advisors: If a lender offers university mortgages, they likely have in-house specialists who can guide applicants through the product details and application process.

Property management companies: If you’re considering renting out rooms in your property, a property management company can offer advice on the practicalities, potential rental income, and legal obligations.

When seeking a specialist, it’s crucial to ensure they are regulated by the appropriate authority (in the UK, this would typically be the Financial Conduct Authority or FCA) and have a good reputation. Personal recommendations, online reviews, and professional associations can be beneficial in finding trusted specialists in the field of university mortgages.


What is the minimum/maximum mortgage term?

The minimum and maximum mortgage terms can vary depending on the lender and the specific mortgage product. Typically, the minimum term might be as short as a few years, and the maximum term can range from 25 to 35 years. However, for university mortgages, lenders might offer terms that align with the duration of a university course, though longer terms are likely available.

Can postgraduate students also apply for university mortgages?

Yes, postgraduate students can also apply for university mortgages. The primary consideration is usually the duration of the study and the expected completion date. Lenders will want assurance that there’s a plan for the mortgage post-study, whether it’s transitioning to a traditional mortgage, selling the property, or another solution.

Can parents and guardians co-sign on a university mortgage?

Yes, parents and guardians can often co-sign or act as guarantors on a university mortgage. In fact, many university mortgage products anticipate or require this. By co-signing or acting as a guarantor, the parent or guardian is agreeing to take on the financial responsibility of the mortgage should the student default.

Can a student with bad credit apply for a university mortgage?

A student with bad credit can apply, but their credit history might affect the terms of the mortgage or even the ability to secure one. However, because many university mortgages rely on parents or guardians as guarantors, the lender may place more weight on the creditworthiness of the guarantor than on the student’s credit history. It’s always best to discuss specific situations with a mortgage broker or lender.

What role do guarantors play in university mortgages?

Guarantors play a significant role in university mortgages. Given that many students don’t have a substantial or stable income, guarantors (often parents or close family members) provide added security to lenders. By acting as a guarantor, they’re essentially vouching for the student borrower and agreeing to cover the mortgage repayments should the student default. This arrangement gives lenders more confidence in lending to an otherwise high-risk demographic.

Can international students avail of university mortgages?

While university mortgages are primarily designed for UK residents, some lenders might offer products tailored for international students. However, the criteria might be stricter. International students may need a higher deposit, and the guarantor (if required) might need to have assets or an income source in the UK. It’s less common, but not impossible, for international students to secure such a mortgage. It’s advisable to speak directly with mortgage brokers or lenders who specialise in products for international clients.

Can a student with a part-time job apply for a university mortgage?

Yes, a student with a part-time job can apply for a university mortgage. Having a part-time job might improve the student’s financial standing in the eyes of the lender. However, the primary focus is likely still to be on the guarantor’s financial stability. The income from a part-time job can help demonstrate the student’s ability to manage some of the mortgage repayments or property-related expenses, but the guarantor’s financial health will be a significant consideration in the lending decision.

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