Mortgages for PhD students

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

Stipend income is paid to a person who could be working towards a PhD or completing research for a university.

A common enquiry that we receive is whether it is possible to base a mortgage on stipend earned income.

The answer is yes; current lending criteria is that the applicant who earns a stipend income must be purchasing a property jointly with another applicant who does not a stipend income.

Lenders usually request a Letter of Confirmation from the Payer to show the applicants’ 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.

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


The actual interest rates available will depend upon your circumstances. Please ask for a personalised illustration. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

A fee of £495 is payable upon completion of your mortgage. A fee only option of 1% of the loan amount, payable upon completion, is also available. 


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