Student accommodation: deposits, contracts, bills and scams explained



Updated on 16 November 2018

Ruth Bushi of Save the Student on what costs to expect, finding cheaper options, avoiding scams and how to get a discount.

Suss things out early

Many universities guarantee housing to first years, international students and some others: applying early is key if you want one of these places (ask the accommodation office about deadlines). For everyone else, the more time you leave yourself, the better off you’ll be.

It’s a good idea to start thinking about where you want to live and what you can afford a couple of months before house hunting. Crucially, if you don’t have cash on hand to pay for a deposit or other upfront costs, leave enough time to get the money together.

Head to Save the Student to learn more about student finance, jobs, bills, shopping and more

Work out what you can afford

Before you even start looking at properties, find out how much rent you can afford.

Start by adding up your regular monthly income: Student Finance, wages, parental contribution and so on.

Next list all your monthly costs – rent, transport, food, nights out etc. – and share out the income between them. Keep moving the money around until the numbers fit: you may need to cut out or cut down on non-essentials to leave enough for rent or other important costs.

Heads-up: some contracts are for 52 weeks, not just the academic year, so you may need to budget for rent over the summer holidays, too.

Student loans: tuition fees, maintenance, grants and repayment plans explained

Plan for additional costs

Go for cheaper options

First of all, compare everything on offer – uni accommodation, private halls, rooms for rent – before deciding which are right for you and your budget.

Next, think about sharing a property, as you could save tons on communal bills, gadgets and groceries. Be flexible about facilities, too. If your budget can only stretch to communal showers, for instance, decide what you’re willing to sacrifice to get an en-suite, or make peace with going without.

Finally, check several locations: investigate whether you can save on rent by living further from campus, or if staying central nets bigger savings from cheap food and free fun.

Shared houses: how to manage bills, Council Tax and unexpected costs

Beware scams

Your university’s accommodation office, or the local council, should have a list of accredited landlords, agents or properties. Start with this, as these houses or landlords are vetted, inspected or otherwise up to scratch.

Be cautious about privately advertised properties: run them by your uni and watch out for landlords or agents who pressure you into handing over cash quickly.

Read our guide to student rental fraud and how to avoid it here

Weigh-up included bills

Ask for a discount

It’s always worth trying to negotiate the rent, though you’ll be in a stronger position with a good argument:

If the place isn’t up to scratch, or the landlord or agency hasn’t played fair, don’t take a reduction in place of your rights! Get advice from your accommodation office or housing charity Shelter.

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Protect your deposit

A deposit can be a hefty wad of cash, so always aim to get it back in full when you leave. Check if your deposit will be stored in a Tenancy Deposit Protection Scheme: this ensures the cash is safe, deductions are fair, and that you’ll be repaid promptly. It’s also worth doing your own inspection and inventory of the property when you move in, ideally with photos.

Finally, treat the place like you care about it. Keep it clean and tidy, report or repair issues promptly, and stay on top of anything else you agreed to when signing the contract.

Ruth Bushi is an editor at Save the Student, a hub for all things student-finance related. The views expressed in this article may not represent those of loveMONEY.

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