Mortgage as a mature student
Does anyone have experience with getting a mortgage as a mature student to line up with starting university?
I will be 28, no partner or dependents and figuring out my accommodation options. I have a very small amount available for a deposit and no parents to rely on as guarantors.
I have contacted mortgage advisors and have some appointments set up but thought I would ask here for any direct experiences
I will be 28, no partner or dependents and figuring out my accommodation options. I have a very small amount available for a deposit and no parents to rely on as guarantors.
I have contacted mortgage advisors and have some appointments set up but thought I would ask here for any direct experiences
Reply 1
Original post
by linzikDoes anyone have experience with getting a mortgage as a mature student to line up with starting university?
I will be 28, no partner or dependents and figuring out my accommodation options. I have a very small amount available for a deposit and no parents to rely on as guarantors.
I have contacted mortgage advisors and have some appointments set up but thought I would ask here for any direct experiences
I will be 28, no partner or dependents and figuring out my accommodation options. I have a very small amount available for a deposit and no parents to rely on as guarantors.
I have contacted mortgage advisors and have some appointments set up but thought I would ask here for any direct experiences
You could try sharing this with the student finance section of TSR as they might be able to help you with this. Also, have you spoken to the finance team in your university or students union? They might be able to help you?
Reply 2
linzik
OP
4
Original post
by DaisyChain1810Hi @linzik
You could try sharing this with the student finance section of TSR as they might be able to help you with this. Also, have you spoken to the finance team in your university or students union? They might be able to help you?
You could try sharing this with the student finance section of TSR as they might be able to help you with this. Also, have you spoken to the finance team in your university or students union? They might be able to help you?
Hello! I’m still completing my access course and have interviews lined up, so no support teams available for me to speak to just yet with nothing firmed up.
Just trying to see what lived experiences are out there to reflect on before making any moves
Original post
by linzikDoes anyone have experience with getting a mortgage as a mature student to line up with starting university?
I will be 28, no partner or dependents and figuring out my accommodation options. I have a very small amount available for a deposit and no parents to rely on as guarantors.
I have contacted mortgage advisors and have some appointments set up but thought I would ask here for any direct experiences
I will be 28, no partner or dependents and figuring out my accommodation options. I have a very small amount available for a deposit and no parents to rely on as guarantors.
I have contacted mortgage advisors and have some appointments set up but thought I would ask here for any direct experiences
Do you have an income (a student loan doesn't count as income)? If not, you won't be able to secure a mortgage.
Reply 4
21
The mortgage advisor will tell you how it works. But the premise of a mortgage is that you have a regular and dependable source of income to make the repayments against. The amount they will lend depends on the deposit you can pay and how much you earn. Without proof of secure income they will not lend. Generally people get a mortgage once they are in full time work, unless they have other sources of income or sponsorship, like bank of mum and dad
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