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Mortgages for PhD students

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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 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.

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