A Buy for Uni mortgage is a specialist type of student mortgage that lets a full‑time university student purchase a property in their own name while they study. Instead of renting student accommodation, the student becomes a homeowner and typically covers the mortgage payments using income from renting out the spare rooms.

Want a deeper breakdown of how the Buy for Uni works? You can read our guide here.

Our Buy for Uni mortgage is available to full‑time students aged between 18 and 30 in England or Wales with at least one year left on their course. Because students typically have limited personal income, we require parents or guardians to support the application as joint borrowers or by providing additional security where needed. We assess every application individually, taking into account your course, the property type, and the expected rental income from your housemates.

When you complete your studies, we’ll work with you to explore your options. Depending on your plans, you may be able to switch to another mortgage product with us, such as a standard residential or buy‑to‑let mortgage. Some customers choose to stay living in the property, while others decide to sell once their degree is complete. Whatever your situation, we’ll help you understand what’s available and what best suits your future plans.

Letting out spare rooms is a big part of how our Buy for Uni mortgage works, but it does come with responsibilities. As the property owner, you’ll be responsible for managing the home, keeping it in good condition, and making sure it meets the required safety standards. You’ll also need to handle day‑to‑day issues with housemates and be prepared for times when a room may be empty. Before applying, it’s important to make sure you’re comfortable taking on these responsibilities and understand how they may affect your budget.

When buying a property through our Buy for Uni mortgage, or any other mortgage, it’s important to budget for several upfront and ongoing costs. These may include legal fees, surveys, insurance, utility bills, Stamp Duty, and general maintenance. Students are usually exempt from council tax, but this may change if a non‑student lives with you. It’s also sensible to plan for times when a spare room may not be rented out. Understanding these costs will help you manage your mortgage throughout your studies.