Buy-to-let property 'could see studying child save'

Investing in a buy-to-let property in order to allow a child to live there while at university may help young people save money, according to new research.

Britannia has pointed out that the average student runs up debts of around £14,000 while at university and much of that goes on the cost of accommodation.

However, if a parent were to invest in a property and then act as landlord to their child while they study, they could help them offset some of their arrears in the future.

"This is a great way of giving your child a solid financial start in life and a safe place to live while at university," said Neville Richardson, group chief executive at the firm.

Later today, A-level results will be posted at schools and colleges around the UK.

The outcome of the courses will decide which universities some students attend.

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