Has anyone had any experience with obtaining mortgages for students? My daughter is wanting to purchase a 3-4 brm house and get 2-3 flatmates in. Her main income will be the board paid plus student allowance. She will do some part-time work. She could also use the living costs part of her student loan to help service a mortgage. I would be guarantor for her if required.
Does anyone know how the main banks might view this type of proposal? She appears to meet the criteria for the Welcome Home loan also.
Does anyone know how the main banks might view this type of proposal? She appears to meet the criteria for the Welcome Home loan also.
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