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AvoidDebt

‘Buy for Uni’ mortgage turns students into landlords

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They haven't read the memo, more youngsters are ditching the idea at all due to fees and dubious career benefits or going to nearest establishment to cut out costs. A resurgence of proper training and apprenticeships when companies won't simply be able to import the cheapest labour going will add extra incentive to not get caught in the debt net for little benefit.

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" The new “Buy for Uni” mortgage from The Loughborough Building Society promises up to 100% financing for a property purchase, as long as close relatives provide security "

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7 minutes ago, RickyD said:

" The new “Buy for Uni” mortgage from The Loughborough Building Society promises up to 100% financing for a property purchase, as long as close relatives provide security "

Who the fck would sign that guarantee?

Yes... I know ...

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Oh man. That's clutching at straw.

Has GOV.uk & SLC had their say?

https://www.gov.uk/student-finance/new-fulltime-students

Quote
Full-time student Loan for the 2016 to 2017 academic year Loan for the 2017 to 2018 academic year
Living at home Up to £6,904 Up to £7,097
Living away from home, outside London Up to £8,200 Up to £8,430
Living away from home, in London Up to £10,702 Up to £11,002
You spend a year of a UK course studying abroad Up to £9,391 Up to £9,654

And yeah... because all graduates get a job within 10 miles commutable distance from their university...

The T's & C's say nothing about the GUARANTOR having to be living in the UK however, so I can foresee this being rife for abuse.

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