Buy for Uni Mortgage
At the Vernon we’ve designed a smart mortgage for students and their parents that
tackles two common concerns – how to pay for the costs of rental accommodation
at university and afterwards, how to get onto the housing ladder.
With Buy for Uni, the borrower doesn’t need a deposit and their parents or carers
don’t need to give up their savings to help. By guaranteeing their child’s mortgage
with a charge against their own home or cash deposited in a savings account with
us, parents can help their child to borrow 100% of the property’s value.
And instead of paying rent to a landlord, the student becomes the landlord,
receiving rent from their housemates that can help cover the mortgage repayments.
The parents and the student save on the cost of getting through university while
investing for the future.