Uni costs

[elvis]

Youngest is off to uni in September, hoping to get into Liverpool uni. It's steaming my piss , the thought of shelling out 20k for 3 years accommodation going straight down the drain. 

Does anyone have experience of buying student accommodation , either for your own kids or perhaps just a long-term investment. On the surface 75-85k doesn't seem too expensive, we could probably get 25000 together as a deposit. 

Any thoughts would be appreciated.

[Captain Willard]

2 hours ago, elvis said:

Youngest is off to uni in September, hoping to get into Liverpool uni. It's steaming my piss , the thought of shelling out 20k for 3 years accommodation going straight down the drain. 

Does anyone have experience of buying student accommodation , either for your own kids or perhaps just a long-term investment. On the surface 75-85k doesn't seem too expensive, we could probably get 25000 together as a deposit. 

Any thoughts would be appreciated.

One thing to be aware of is that Buy to let income counts towards your income tax bill even if you use it to pay a mortgage. You need to structure the whole deal via a limited company else you’ll end up with a big tax bill. I’d go and see an accountant to sort it. 

[elvis]

Thanks , I'm not sure if that applies as I'm an isle of man resident but worth remembering. 

 

[redheart]

13 hours ago, elvis said:

Youngest is off to uni in September, hoping to get into Liverpool uni. It's steaming my piss , the thought of shelling out 20k for 3 years accommodation going straight down the drain. 

Does anyone have experience of buying student accommodation , either for your own kids or perhaps just a long-term investment. On the surface 75-85k doesn't seem too expensive, we could probably get 25000 together as a deposit. 

Any thoughts would be appreciated.

 

what are they studying

[elvis]

She's hoping to study law , just what I need in the family a lawyer or a copper!

[Fugitive]

Alternatively, tell her to get a fucking job and pay for her own accommodation. I had two jobs when I was at Uni and still had time to get hammered.

[Captain Willard]

37 minutes ago, Fugitive said:

Alternatively, tell her to get a fucking job and pay for her own accommodation. I had two jobs when I was at Uni and still had time to get hammered.

I worked in a hotel kitchen as a pot washer. It’s actually a brilliant job for a student as you get fed restaurant quality food every shift, you get to drink the half bottles of wine left over when somebody orders by the glass and you get to sleep with the waitresses. 

[VERBAL DIARRHEA]

We need more student accommodation, not property youngsters can buy themselves and get on the map. 

[VERBAL DIARRHEA]

16 hours ago, elvis said:

Youngest is off to uni in September, hoping to get into Liverpool uni. It's steaming my piss , the thought of shelling out 20k for 3 years accommodation going straight down the drain. 

Does anyone have experience of buying student accommodation , either for your own kids or perhaps just a long-term investment. On the surface 75-85k doesn't seem too expensive, we could probably get 25000 together as a deposit. 

Any thoughts would be appreciated.

You can get something good for about £130

[elvis]

22 minutes ago, VERBAL DIARRHEA said:

You can get something good for about £130

Pounds per week rent or £130k apartment?

[VERBAL DIARRHEA]

1 hour ago, elvis said:

Pounds per week rent or £130k apartment?

Probably 70-100k to buy the other to rent. 

[redheart]

6 hours ago, elvis said:

She's hoping to study law , just what I need in the family a lawyer or a copper!

Which? Uof L or LJMU?

 

 

[elvis]

U of L

[Remmie]

Is it still the case that IOM residents don't qualify for Student loans?

[Kevin D]

5 hours ago, Fugitive said:

Alternatively, tell her to get a fucking job and pay for her own accommodation. I had two jobs when I was at Uni and still had time to get hammered.

I agree with my learned friend.

[Arniepie]

17 hours ago, elvis said:

Thanks , I'm not sure if that applies as I'm an isle of man resident but worth remembering. 

 

where abouts are you in the IOM mate?

[elvis]

1 hour ago, Arniepie said:

where abouts are you in the IOM mate?

Douglas 

[elvis]

5 hours ago, VERBAL DIARRHEA said:

We need more student accommodation, not property youngsters can buy themselves and get on the map. 

She wouldn't be buying it , I would . Not arsed about making profit , I'd be more than happy to get rid when she's finished and make less of a loss , over 6k a year is too much to be giving away at my time of life.

I've no interest in buy to let otherwise 

[elvis]

5 hours ago, Captain Willard said:

I worked in a hotel kitchen as a pot washer. It’s actually a brilliant job for a student as you get fed restaurant quality food every shift, you get to drink the half bottles of wine left over when somebody orders by the glass and you get to sleep with the waitresses. 

Sounds great , do they take the over fifties?

[elvis]

1 hour ago, Remmie said:

Is it still the case that IOM residents don't qualify for Student loans?

Fortunately IOM govt , still pay 80% (I think)  of tuition fees so they're only left with a debt of around 7/8 k

[Captain Willard]

16 minutes ago, elvis said:

Sounds great , do they take the over fifties?

Best job I ever had. My uni mates were all living off beans on toast whilst every shift  I was eating steak and lobster washed down with decent wine. Anything that was left at the end of the evening was free to the staff. We would all have a massive meal about 11.30 on a Saturday night then go to a dodgy night club. This was in the 1980s on the south coast so a lot of the staff had moved down from the north to find work so didn’t know anybody locally outside the kitchen. We all lived in bedsits but ate and drank like Kings. 

[VERBAL DIARRHEA]

1 hour ago, elvis said:

She wouldn't be buying it , I would . Not arsed about making profit , I'd be more than happy to get rid when she's finished and make less of a loss , over 6k a year is too much to be giving away at my time of life.

I've no interest in buy to let otherwise 

I understood mate.

[Arniepie]

4 hours ago, elvis said:

Douglas 

Me mum is from laxey

Used to go there when I wasca ki

Love it over there 

[elvis]

21 minutes ago, Arniepie said:

Me mum is from laxey

Used to go there when I wasca ki

Love it over there 

Nice place to live to be fair , gets a bit slow though