Buying Student Apartments

[Ben Davies]

Hello!!

I’m interested in buying student accommodation an obviously renting it out soon after... few questions however.

1. Do you still need a 20%/25% deposit on a buy-to-rent mortgage even though it is only an apartment, not a full on house?

2. Has anybody done this before and can suggest good/bad points they have experienced?

3. Is there any other smaller options people have taken instead of buying houses straight away?

The Apartment I was looking at is £60000 in the middle of Liverpool town centre, UK. With previous connections to students in the local universities and 3 years income guaranteed, at 8% for each of those years.

If anyone can help on the matter it would be massively appreciated!

Thank you for your time.

Ben