How do I buy a house for my student son?

Posted on 12 March 2013 by Manori


How do I buy a house for my student son?

Manori,

There are several ways you could buy the property for your son. You could purchase the property in your sole name, and then transfer it to him when he finishes university and starts work. Alternatively you could buy the property in joint names if your income is sufficient to support all of your current commitments, or buy it in his name with you as a guarantor, or purchase.

You don't mention whether he will be living in the property whilst at university, or if you'll be renting the property out initially? This would be an influencing factor on which lenders we may be looking at. We would need to get the rest of your personal / financial details before saying anything more definite.

If'd you'd like to talk through some of these options in more detail, then please let me know and I'll arrange a convenient time for you to talk to one of our consultants.

Regards,

Simon

simon.collins@johncharcol.co.uk

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