Woolwich is aiming to raise awareness of the investment potential for buy-to-let on student properties.
Alan White, communications manager at the Woolwich, said: “Popular locations for buy-to-let can be found at the major universities. Students will spend their first year at university in halls of residence. The following year students will consider moving into rented accommodation or even buy a property nearby, although this could be expensive.”
This provides an excellent opportunity for parents looking to invest in a property, said White. “Parents with children at university may want to consider the possibility of buying a property for their son or daughter to live in, with other students under the buy-to-let scheme. At the end of their time at university they then have the choice of either selling the property, continuing to let it to other students or their son or daughter can remain living there and transfer the mortgage to a residential basis,” he said.