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Home > Mortgages > Family Assist > Buy for Uni

Buy for Uni

A Buy for Uni mortgage from The Loughborough could mean that you can buy a house to live in with the support of your family and rent rooms to cover the cost of the mortgage.

The principle behind the Buy for Uni mortgage is simple. With the help of family members a student can buy a house rather than pay a great deal of rent for less than great accommodation. They rent spare rooms in the house to friends or fellow students and the rental income covers the mortgage payments.

We have products available on an interest only or repayment basis for the purchase of property in mainland England and Wales.

You can find more in our leaflet and the answers to some questions you may have here.

Try our mortgage Calculator
Our mortgage calculator is designed to show you how much you could potentially borrow and how much your monthly payments would be. The amount is based solely on your income without deducting household expenses and financial commitments. Your mortgage adviser will take you through the application process and will calculate the amount you can afford to borrow based on your income after the deduction of those expenses and commitments. Further restrictions may apply for specialist products.

Gross annual income





LTV Amount





Payment Terms





Variable rate

Product
Initial rate
Overall cost
for comparison
Max % LTV
Completion Fee
Mortgage Repayment
 
Term Discount
Representative Example
4.25%
4.6% APRC
80%
£999
Product
Term Discount
Representative Example
Initial rate
4.25%
Overall cost for comparison
4.6% APRC
Max% LTV
80%
Completion Fee
£999
Term Discount
Representative Example
4.50%
4.9% APRC
100%
£999
Product
Term Discount
Representative Example
Initial rate
4.50%
Overall cost for comparison
4.9% APRC
Max% LTV
100%
Completion Fee
£999