About the Bath Building Society Buy for Uni mortgage
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About our Buy for Uni mortgage

Who can apply for this mortgage?
The mortgage is available to students in Higher Education throughout England and Wales. An application can be made in the sole name of the student, or jointly between the student and their parents. In the case of a sole application, we will require a parental guarantee.
How much can I borrow?
We will lend up to 100% of the value of the property, subject to a maximum £250,000. The actual amount you can borrow will depend on the income that will be received from letting rooms within the property. Where this is insufficient to support the mortgage, we will consider parental income after deductions for financial commitments.
What Security is required?
We will require a first charge over the property to be purchased. Additionally, on loans greater than 80% of the value of the property, we will also require a collateral charge over the residential property of the parents.
What sort of property is acceptable?
The property must be in England or Wales and must be located within a 10 mile radius of the university attended. The property must have no more than 4 bedrooms. There are specific properties that we will not consider, such as ex local authority flats, or flats in blocks of more than 6 storeys.
Who can I let rooms to?
We will allow no more than 4 occupiers, to include the mortgage holder. Tenancies must be granted under a Licence Agreement. The other tenants do not have to be students.
We recognize that the student letting market operates within specific time frames; students are often looking to secure accommodation in January or February for occupation at the start of the academic year in October. This may require a property to be bought in January or February in order to market it to sharers for the following academic year. We will allow the property to be let under an Assured Shorthold Tenancy for a minimum period of 6 months provided it is then occupied by the student as their main residence by 1st October at the start of the next academic year.

Buy for Uni (Student Mortgage) products
Parental assistance mortgage aimed at students at University
• Buy For Uni 2 year discount 0.25% (Reference UAD022) (more)
• Buy For Uni 3 year discount 0.25% (Reference UAD023) (more)
• Buy For Uni 4 year discount 0.25% (Reference UAD024) (more)
• Buy For Uni 5 year discount 0.25% (Reference UAD025) (more)

General Information
Property Management
In the Bath area, we can offer a property management service including the setting up of tenancies, collection of rents and repairs to the property through our subsidiary, Bath Property Letting. Contact David Marquiss on 01225 314055 or email enquiries@bathpropertyletting.co.uk

Solicitors
We have a fixed fee arrangement in place with Martin Kaye Solicitors, to cover the cost of the conveyance and the registration of the collateral charge on the parental property. Please ask for more details.

Current Rates, Terms and Charges
Current interest rates

Next Steps
For more information or to apply, please email mortgages@bibs.co.uk or contact the Mortgage Department on
01225 475702

Bath Investment and Building Society is authorised and regulated by the Financial Services Authority for advising, lending and administering Mortgage Contracts.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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The Buy For Uni mortgage from Bath Building Society



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Financial services products Click here to read more about the Bath Building Society Direct Saver Account Please click here for more information on the Bath Building Society Direct 60 Account Request information about the Buy for Uni Mortgage Click here to request a callback Click here to read a related article to Buy for Uni Click here to go to the main Bath Building Society online mortgage centre