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Should I buy a house for my son at university so he can rent out to others?
2025-04-19 02:45:04| Spiritual Career Counseling
There are multiple options for those that want to buy a property for their children at university Is the mortgage market turbulence getting you down? Have you got a mortgage-related question you need answering? Email in and well get one of our experts to reply. Nick Mendes, mortgage technical manager at John Charcol, has given his advice to a reader below. If you have a question for our experts, email us atmoney@inews.co.uk.Question: Our son is heading off to university this autumn and we are considering buying a property for him to live in. Rather than him wasting money on rent, we wondered if it would be possible for him to live there and rent out the other rooms to friends. Is this something we can do, and how would it work from a mortgage perspective?Answer: This is a question were hearing more and more, and its a very sensible one. With student rents continuing to rise and availability often limited, many parents are looking at ways to support their children through university...
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