As students prepare to return to University in the fall, a great opportunity opens up if remortgage has been a thought. This fall students start college or return to college. While rates are still favorable and many remortgage deals are available, now is a great time to consider purchasing a second property for your student to use for housing.

The student housing market is a secure place to look, even if you don’t have children. There is always a massive demand for good quality housing to accommodate the students who need it during term time. The student population is booming so there is no shortage of students to fill those housing spots. Even more advantages are available if you have a child in school.

If you have a child or children attending college, think about putting the 2^nd property in his or her name. There are a couple of big advantages to this decision. First, if your child plans on living in the property all through college, there is no capital gains tax. Second, your child is able to rent a room of the property and earn up to 4,250 pounds per year tax free.

Of course, location is key when considering a property around a university setting. Only consider a property that is dense with student population and where the nightlife is lively. Also, make sure there is easy access to the school.

It is also recommended to purchase a house instead of a flat. Students enjoy the greater sense of community a house offers. And if you child already has an idea who they want to live with, guess what: ready made tenants, which is ideal.

Keep in mind this will be at least a three year commitment with your child living in the property. Also, be certain to check with a remortgage professional to make sure this is the best plan for you.