Capital Fortune Independent Mortgage Advisers announced today it is offering its student clients the option of buying property to share with fellow students. The rental income charged to other occupiers can then be used to support the mortgage.
This innovative buy for rent scheme will allow potential first time buyers to get onto the housing ladder even with a moderately low income. The ability to achieve a rental income is key in the scheme’s success which will be rolled out across student campuses nationally.
Rob Killeen, Managing Director of Capital Fortune and a former NUS President at Lancaster University welcomed the new initiative. At a recent conference of business leaders in London he commented that “Students are facing ever-increasing difficulty in securing affordable, good quality housing and rental costs in student towns are spiralling. Our products will allow students to purchase their own property and provide appropriate and comfortable accommodation to their fellow house sharers. It is the ideal way to get a first foot onto the property ladder and we are proud to be supporting the scheme.”
For further information on student mortgages contact Capital Fortune on 0845 3 630 430 or email firstname.lastname@example.org
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