20th November 2018
Find Your New Student Pad In Five Quick Steps
Whether you’re looking for that perfect flat that offers uni on your doorstep, or that homely house to chill with your mates. Student property consultant, Rosie Turner has five top tips that will help you find what’s best for you:
- Time is of the essence
Most student property agents will begin letting in November, this is the perfect time for you to get the pick of the crop. If you are in your first year, it might feel strange as you have just moved into halls, and here you are already looking for something next year, however leaving it too late will mean less choice, and you may find you have to compromise – so get looking as soon as you can. It goes without saying that the most desirable properties are the first to get booked up!
- What are your priorities?
We all know what we want when looking for a place to live, but it is important to be realistic when you consider your budget, everyone else’s preferences, size of the house and location. It may be unlikely that you get a house with all en-suites, a rooftop terrace, off-road parking, and a massive garden, all located just a five minute walk from University – but you may be able to get one, or two of those features, so by all means aim high, but be prepared to compromise.
- Money, money, money!
Money management is key, and it is a skill that will help you for the rest of your life. Lucky enough for you, we have some inside tips.
You might find that your rent on some properties – dependent on the tenancy – may be due before you recieve your student loan, and a deposit may be required at the point of the contracts being signed (the price for this is usually 4 weeks rent) and then your first instalment due before you move in. With this in mind, the earlier you book for a property, the more time you will have to plan your finances and ensure you have enough to cover anything that may be needed before you have your student loan.
- Can you bear another year?
Sometimes people just don’t get along – it’s natural, and totally understandable. However, once the contract is signed and executed on a property, it is legally binding which means unless you have a break clause (usually you won’t) then you cannot leave your contract. So, try to be as sure as you can about the people you decide to live with, do you like them enough to share a roof for another academic year?
- Guarantee you have a guarantor
If you have a UK based guarantor, agents will offer you the opportunity to pay in instalments. A UK based guarantor must be someone who lives and works in the UK, if you are not from the UK, and do not have a relative who can act as your guarantor and cannot fund the entire rent straight away, don’t worry. Companies such as Housing Hand will help to provide you with a guarantor here in the UK.
Now you have these top tips, be sure to follow them and give us a call if you need any help or advice – happy house hunting!