Buying a student lute made by www.jminstruments.com is not only cheap but fine quality, lutes are made for less so you can have more!
Jminstruments makes instruments based on museum drawings, the inauthentic 'oud-lutes' online claim to be based on a historic example but the barring is closer to the oud, the shape of the bodies don't follow the museum instruments. If buying is still too expensive then hiring a lute is available at jminstruments for just £35 per month!
Theorboes / Chitarroni
Sellas student theorbo (E.547)
Listen to it here being played by Richard MacKenzie
Folding option, folded up
Unfolded and ready to use within minutes
Student Chitarrone based on Magno Tieffenbrucker (RCM 26)