14th August 2025
Learn how students can secure a mortgage with a Buy for Uni mortgage. Discover different options, financial tips, and expert advice to help you buy your first home while studying.
Owning a home while studying may seem like a distant dream, especially if you don’t have a full-time job. However, with the right support and financial planning, securing a student mortgage is entirely possible. Whether you’re an undergraduate, or a mature student, there are mortgage options available that can help you take your first step onto the property ladder.
A student mortgage is a type of home loan designed specifically for students who want to buy property during their studies. These allow students to live in the property and rent out rooms to other students to help cover the mortgage repayments.
Student mortgages offer several benefits. They allow students to invest in property early, potentially generate rental income, avoid rising rental costs, and begin building a credit history and financial independence. While full-time employment is not a requirement, lenders will expect students to demonstrate financial responsibility.
Our Buy for Uni mortgage is a popular option for students looking to invest in a place of their own while studying. To be eligible, you’ll need to be a UK resident, currently enrolled at a UK university, and have a family member who can apply with you as a joint borrower. The property should be within around 10 miles of your university and have no more than four bedrooms.
It’s a practical way to turn student accommodation into a long-term investment.
A joint borrower mortgage means your parents help you get a mortgage by applying with you. They don’t own the property, but it should make it easier for you to get approved, especially if you don’t have much income or credit history.
It’s important to talk openly with your parents about what this means. They’ll be sharing the responsibility for the mortgage, so make sure they understand the risks and benefits before agreeing.
When comparing mortgage options, you should consider whether a fixed or variable rate is best for you, the length of the mortgage term, and the monthly repayments. Choosing the right mortgage depends on your income sources, the level of support you receive from family, and your future plans.
Managing your finances effectively is crucial when applying for a mortgage. This means tracking your spending, saving regularly, and avoiding unnecessary debt. Budgeting tools and apps can help you stay on top of your finances. Improving your credit score is another important step. You can do this by registering on the electoral roll, paying bills on time, and keeping your credit usage low. For more university budgeting tips, read here.
When applying for a mortgage, you will need to provide several documents. These include proof of identity and address, confirmation of university enrolment, bank statements, and financial documents from your family joint borrower.
You could work with a mortgage adviser to ensure your application is accurate and complete. Be honest about your income and expenses, and make sure to include all relevant information. Understanding the terms and conditions of the mortgage is essential. Pay close attention to the interest rates, repayment terms, and any fees for mortgage advice.
To find out more about whether you are eligible for a student mortgage, take a look at our guide. To find out more about making decisions on taking out a student mortgage, and being prepared for maintaining one, click here.
To find out more information and apply for a student mortgage, explore this page or get in touch.