Buy For Uni/Student mortgages

Students can enjoy the security of owning their own home and rent rooms to contribute to the cost of the mortgage while they study.  Affordability for our Buy For University/Student mortgages is based on a combination of the expected rental for spare rooms, any other income the student has as well as parental income.  Please contact us for more information.

Variable mortgages

The mortgages listed below move on to our Standard Variable Rate, currently 5.44% (variable), after the initial rate period.

Product Interest rate i Overall cost for comparison i Max %
LTV i
Product
fee i
Example
Buy For University 1.2% discount for five years 4.24% 4.9% APRC 80% 0.4% (£599 min)
  • See example

    Representative example: A mortgage of £168,000 taken out for a period of 9 years on an interest only basis.

    Monthly instalments: £593.60 per month for 59 months, followed by £765.04 per month for 48 months.

    Total amount payable: £241,001.32

    Total amount of credit: £168,000

    The total amount payable includes administration fee £125, valuation fee £285, product fee £672, completion fee £75 and closing fee £100.

    The overall cost for comparison is 4.9% representative APRC.

    This example relates to the Buy For University 1.2% discount for five years product, is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personalised illustration for your own particular requirements.

See details
Buy For University 1.2% discount for four years 4.24% 5.3% APRC 80% 0.4% (£599 min)
  • See example

    Representative example: A mortgage of £205,000 taken out for a period of 19 years on an interest only basis.

    Monthly instalments: £724.33 per month for 47 months, followed by £933.26 per month for 180 months.

    Total amount payable: £408,490.31

    Total amount of credit: £205,000

    The total amount payable includes administration fee £125, valuation fee £340, product fee £820, completion fee £75 and closing fee £100.

    The overall cost for comparison is 5.3% representative APRC.

    This example relates to the Buy For University 1.2% discount for four years product, is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personalised illustration for your own particular requirements.

See details
Buy For University 1.2% discount for three years 4.24% 5.3% APRC 80% 0.4% (£599 min)
  • See example

    Representative example: A mortgage of £175,000 taken out for a period of 11 years on an interest only basis.

    Monthly instalments: £618.33 per month for 35 months, followed by £796.56 per month for 96 months.

    Total amount payable: £274,396.31

    Total amount of credit: £175,000

    The total amount payable includes administration fee £125, valuation fee £285, product fee £700, completion fee £75 and closing fee £100.

    The overall cost for comparison is 5.3% representative APRC.

    This example relates to the Buy For University 1.2% discount for three years product, is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personalised illustration for your own particular requirements.

See details
Buy For University 1.2% discount for two years 4.24% 5.5% APRC 80% 0.4% (£599 min)
  • See example

    Representative example: A mortgage of £113,000 taken out for a period of 13 years on an interest only basis.

    Monthly instalments: £399.27 per month for 23 months, followed by £514.27 per month for 132 months.

    Total amount payable: £191,195.85

    Total amount of credit: £113,000

    The total amount payable includes administration fee £125, valuation fee £230, product fee £599, completion fee £75 and closing fee £100.

    The overall cost for comparison is 5.5% representative APRC.

    This example relates to the Buy For University 1.2% discount for two years product, is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personalised illustration for your own particular requirements.

See details

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