University students will find boarding up with a few friends much more difficult than in years past.  Young adults looking to enter the work force and get out into the world on their own are finding they can’t move out away from their parents.  The current lack of rental properties combined with higher rent costs is making it difficult on those looking to make their way into the world as adults.

The lack of available lending for new home buyers is pushing households that would be living in their own property into rental property.  This means less rental properties available for the young adults hoping to get a few roommates and begin some independence.  The higher demand on rental properties has pushed rent prices upward to the point that some rental costs are more than expensive than a mortgage on a new home purchase.

This situation is pushing parents to consider an opportunity to help their young adult wanting to leave home while also making an investment.  Remortgages are at great interest rates and can offer the opportunity to make an investment into a buy to let property.  The parent can then rent the property to their child and a few roommates.  There are tax breaks for this type of investment in some situation which offers another incentive.  Not only does it help the child but the parents have a reliable and trustworthy tenant. 

Remortgages are currently very attractive with low fixed rates and good incentives as well.  In addition, there are many new buy to let mortgage products available geared to bring new landlords into the buy to let market.  For a parent with a young adult needing a place to move to it could offer a great opportunity to help the child and at the same time be a good financial investment in property.