Student Lets Mortgages

Student Lets Mortgages - are buy to let mortgages for student lets and involve arranging a mortgage specifically for the purchase of a property that is to be let to students. Most lenders do not accept students as tenants and therefore student buy to let mortgages are a specialist area within Capital  Fortune.

We have seen increased demand from clients looking for student let properties which may be due to property prices falling and student populations at an all-time high. Buying a house yourself or with parental support is proving appealing.  There remains a high demand for student accommodation nationally as many landlords appear uneasy renting to the student market often due to preconceived misconceptions regarding student reliability to make the rental payments.

The reality is often the reverse, with student tenants often having their rent guaranteed by their parents. The lack of good accommodation in many student town means students often reserve the property months in advance guaranteeing the income and allowing cash flow budgets to be set well in advance.
We have deemed student lets mortgages a bespoke area of mortgage lending given many lenders are not prepared to offer mortgages involving student lets.

Capital  Fortune have the knowledge and expertise to place these properties with a number of UK mortgage lenders. However, these forms of mortgage application often require a degree of liaison and negotiation with the lenders and the valuers.

That is where our skills and lender relationships are essential.

We know our lender’s criteria and we often know the underwriters. We will be able to speak directly with the underwriting team to ensure an holistic approach is taken to the lending decision.  In many cases involving a sitting tenant, properties are often sold or inherited well below market valuation and so can provide good long term security to any lender.

At Capital  Fortune, we work with a number of specialist and mainstream mortgage providers willing to offer mortgages with sitting tenants and who offer competitive mortgages on these properties.

To discuss student lets mortgages call us today on ger mortgages call us today on 0845 3 630 430 or Enquire Online.