<prompt> Human: My grandparents recently gifted me two cheques, one for 10k and another for 25k. Obviously it was a complete shock and I am beyond grateful. I am extremely keen to invest this money into property as soon as possible, as house prices in the UK are consistently rising and now seems like an ideal time to buy. I am currently a student in the North of the UK, due to graduate in 2019, but my family live in London. Therefore I would rather purchase a property in the south but this is not essential, merely for convenience. I know very little about mortgage acquisition, but am pretty certain that my student status will eliminate any chances of getting one. Ideally I would buy a property in a developing area, let it out for a few years and then sell it on for a profit but Ive learned that mortgage companies do not like you doing that and in some cases its actually illegal. So now Im stuck - I want to take action sooner rather than later and invest this money somewhere safe. Here are a few other things that may be helpful to know: 1 My mother owns a second property other than the one she lives in now, a one-bed apartment worth around 250k. We spoke about selling this property and somehow pooling our money and buying a bigger one together. However, the income my mum gets from renting this apartment is her pension and she cannot afford to lose any income from it, or any money in general. 2 Any thoughts on shared ownership buy to let schemes available from the UK government until 2020? Im not sure I fully understand how they work or if theyd be suitable for me. 3 I wont be able to live in any property I purchase until post-graduation. 4 The name on the cheque can be changed with grandparents permission of course to either mine or my mothers. Literally ANY advice would be appreciated. Thank you!  <response>: 35k is a tiny amount for a deposit in the South of England. I have around the same amount saved up with my partner to buy a property in the Midlands for around 200k based on a net household income of around 60k which can just about afford. You have to remember that 35k you have will need to also pay for fees and any work you need to bring it up to a rentable standard. The fact you have 0 income means the bank wont give you a mortgage as you have no means to pay the mortgage if you dont have a lodger.I would advise to put the money away some into the new first time buyer ISA scheme and purchase a property when you have graduated and have a decent income. I really disagree with second property purchasing tbh but thats unrelated to my advice. 