Has anyone bought a uni house for their student child?

[EeesandWhizz]

Back in the 90's a few of my friends parents bought a house for them while they were at university. Friends moved in and essentially paid the mortgage, bills were split and the houses sold again after 3 years (making a tidy profit).

Is this still a thing? Is it still possible for friends to share a house in a lodger type of agreement? Do you know of anyone that has done it or have you/are you?

Why is it worse than paying any other landlord?

For those that might be tempted:

https://www.bathbuildingsociety.co.uk/mortgages/browse-mortgages-by-product-type/buy-for-uni/

We did, about 8 years ago now, once the younger child was going to be in the same city as older sibling. House went in both their names and they rented a room out to a friend while they were at uni.
We did homework and bought in a nice-ish area so it would be suitable still once they'd left uni and that worked out okay. One stayed in uni city for work and bought sibling out of their half as they had moved away.
We made sure both kids knew how fortunate and privileged they were to be in this situation...

We bought a flat for my DD when she was doing a PhD. Only her that lived there though and her bursary covered the mortgage. She lived there for 6 years in the end and sold it for a profit. Saved a fortune in rent. It was in the Midlands so not that expensive,

My friend's parents did it for her. She got really stressed out when they missed a payment and her parents told her to ask them for the money. She hated the responsibility because she didn't want to upset her parents or her friends.

We offered this to both of our sons but neither wanted the responsibility of being the owners son. They wanted to be equal, as well as starting off in halls to meet people and settle into uni life.

Both of our Dc started in halls. Difficult to get other tenants if you don’t. Although Dc had each other from y2 but both had friends by then and we didn’t become landlords to others.

We’re currently buying for DD and her boyfriend to move into. It’s horrendously stressful because term has started already and they still can’t move in as probate hasn’t been granted. There is no end in sight and we have spent thousands to get to this point.

It’s not literally, but getting your mates to basically give you/your parents many thousands smells bad.

@GodessOfThunder i think as long as you are a good landlord and keep everything in good order I don’t get your argument.

My parents bought a flat for my DB in the 1970s but not me !

Most of the other housemates whose parents can’t afford this will be thinking the DC’s owner is a bit of a c*unt though. That’s my argument.

@GodessOfThunder unless you think all landlords are cunts I don’t get your argument.

A landlord usually isn’t a mate. We don’t usually profit from our mates. You’re thinking of this too rationally and missing the interpersonal factors.

I’m not saying this is necessarily enough not to buy, but it a dynamic I’ve observed. Perhaps you’re just so loaded, with a few hundred grand lying around that you’ve not interacted much with people who don’t.

People who share student houses aren't necessarily mates. When my son was at uni he was only proper friends with 2 out of the 6 he shared with.

Everyone I knew shared with good mates.

LOL - maybe it depends on which course you are doing? DS, like me, is a geek and was doing computer graphics (his main hobby was anime and manga). You get to know people, but you aren't necessarily bosom friends.