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A building society is offering 100% mortgages to 18-year-olds while at university. Spoiler: you’ll need wealthy parents
Fancy literally lording it over your college flatmates? A growing number of building societies are offering deals that let young adults buy their university home and pay the monthly mortgage with the rent they charge other students.
This week the Vernon building society in Stockport, Greater Manchester, launched a range of “buy for uni” mortgages, the third lender to do so. The other two are the Bath and Loughborough building societies, though the property can be purchased at any university town in England and Wales. Continue reading...