Some building societies are willing to lend undergraduates 100% of the cost,up to £300000, to buy a domestic – with certain guaranteesHe’s in his third year at university, or studying tough ahead of his final exams this year – but,unlike other students, Jonathan Pearson will graduate with a profit, and not a student debt. He is not from a wealthy background but stands to make at least £30000 after buying a domestic,rather than renting while at college.
Most other homebuyers struggle for years to find the necessary deposit, with Halifax reporting this week that the average age of a first-timer has now topped 30. But Pearson did not even believe to put down a deposit, and managing to obtain a 100% loan from a reputable building society.
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Source: theguardian.com