Select Page

Mortgages for PhD students

Home » Mortgages » Residential Mortgages » Mortgages for PhD students

As a university city, Cambridge is home to many students who wish to purchase a home here.

Stipend income is paid to a person who could be working towards a PhD or completing research for a university.  We are often asked if it is possible to base a mortgage on stipend income.
The answer is yes: current lending criteria requires that the applicant who earns a stipend income must be purchasing a property jointly with another applicant who is employed and in receipt of a regular weekly or monthly salary.

Lenders usually request a Letter of Confirmation from the Payer (e.g. the University) to show the applicant’s name and the monetary value of the stipend allowance to support a mortgage application.

To discuss your mortgage requirements further, please feel free to contact us.

Contact us about student mortgages

NB: All mortgage quotations and approvals are subject to change, credit checks and a property valuation.

We can visit you

Let us know when is convenient to call round

You can visit us

Come to see us in Cambridge, we have parking

We can call you

Arrange to discuss everything over the phone

We are proud to be members of these organisations