Rising university costs prompt new buy-to-let boom among parents
Two-thirds of students' parents are considering using a buy-to-let investment to offset their offspring's huge education debt.
More than two-thirds of parents are thinking about buying a buy-to-let property near their child’s university to cut costs during their student years.
Faced by high fees and rising rents, 66% of parents believe these properties are a sound investment, according to online mortgage broker Trussle, while 53% would even consider downsizing to help support their children through university.
It reports that student buy-to-lets consistently outpace the rest of the PRS market by as much as 17.86% in rental yield.
For those contemplating a buy-to-let property near the university, contact us so we can calculate property prices and rental yields and give you an idea on your potential ROI!
Data shows that property is still seen as a safe and reliable way of generating extra income.