Moving on and finding the right property

So, you’ve got the grades, drunk the celebratory champagne, selected your university course and now you’ve got to find somewhere to live. You need to find somewhere quickly because you’re under pressure, there’s a time deadline.  It might seem a long way off but it’s coming. There are thousands of students all chasing the last few remaining lettings, so anything will do.

Stop!!  Sit down and carefully plan and budget the costs involved in renting and actually living; money for beer and books – yes, all students have the same priorities, it’s always that way round, it’s in their blood, literally.

So what are those costs?

Rent – most landlords charge students the same – about £3600 – the same amount as the maintenance allowance.  Deposit – typically £400.

Utilities – Electricity, gas, water – it may be on a meter, telephone / broadband.

Living costs: travel to university, food, clothes, beer and books.

Insurance: Your home insurance is unlikely to cover your son/daughter’s belongings whilst living at a different address.

Student lettings in Lancashire

Student accommodation in Lancashire

When you’ve found a flat or house to share with other students, you’ll have a tenancy agreement to sign for a twelve month period but it may be less. This could be an issue if you intend to stay over the vacation period because you get a job. Parents, you’ll have to act as guarantors to pay any outstanding rent or repairs at the end of the tenancy.

The landlord will have to provide you with a Landlord’s gas safety certificate, and an inventory for the property. This should tell you what’s actually in the house or flat and most importantly the condition it’s in. Insist on a walk through the property and confirm for yourself the condition of everything on the inventory. Take your own photographs of every defect otherwise you’ll find at the end of your tenancy agreement you will have to stand the cost of those repairs or risk losing your deposit, typically £400.

In our next blog I’ll be telling you how you can help yourself, so, if you don’t want to miss out,  subscribe to the blog for free!

If you missed the first part of this blog you can catch up on it here.

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