The success of your investment in property hinges on there being sufficient demand in the area for the type of property you are letting out. One major source of demand is students requiring rental accommodation while attending university. But while student letting can be a rewarding sector to tap into, it brings with it a unique set of legislative parameters that you must comply with. Make sure you do your homework or your report card will be marked 'must do better'.
You may wish to buy a property in a university town for your own children to live in while they complete their studies. This may be placed in the child's name, but with you standing guarantor, which means you are essentially using your own home as collateral should anything go wrong with your child making monthly repayments. Ensure your little darlings are reliable before you agree to such an arrangement.
