Renting property from yr2 on!

[Deleted User]

If they have a good credit history, and they have made any payments and on time - then they could get maximum student overdraft (which is interest free - and is, at least with my bank, interest free for 2 years after graduation) from their banks (They shoould be able to get between £1500-£2000 each in their 2nd year - so that's £3000-£4000), use this to pay the 6 months up front, and reduce the overdraft by the equivalent amount rent would be each month.

But they will need to be able to be organised and budget so that they do actually reduce their over draft by this amount each month.

Ladywhisper

Just to check, are they both students?

Madmonk

Yes they are both students - the really annoying bit is that they are engaged, they are a couple in everysense and yet they each have to pay rent on seperate rooms! So they use one as a study and the other as their bedroom. They would both rather rent a little studio flat, which would be cheaper and less hassle but they can't find a LL who will take them on as a couple

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MM

glider3560

Madmonk wrote: »

Yes they are both students - the really annoying bit is that they are engaged, they are a couple in everysense and yet they each have to pay rent on seperate rooms! So they use one as a study and the other as their bedroom. They would both rather rent a little studio flat, which would be cheaper and less hassle but they can't find a LL who will take them on as a couple

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MM

Look for professional lets rather than students. The price may be a little higher and the deposit larger, but it will be on much better terms and the property will be in a much better condition. I know plenty of people who live in professional places even though they are students.

gorgeouslatinrose

Have they looked at Unite in their University area? Many have started to have studio flats, where you can share with a partner, and would be much cheaper and easier that renting. They are not cheap, but with two people its quite reasonable ( at least in the West Country anyway!)

Madmonk

Thanks for the info on Unite unfortunately they don't appear to have anything in Oxford.

MM

Lokolo

gorgeouslatinrose wrote: »

Have they looked at Unite in their University area? Many have started to have studio flats, where you can share with a partner, and would be much cheaper and easier that renting. They are not cheap, but with two people its quite reasonable ( at least in the West Country anyway!)

Unite have a very bad reputation for ripping students off. Have a searchy in this forum

Lokolo

Madmonk wrote: »

Thanks for the info on Unite unfortunately they don't appear to have anything in Oxford.

MM

Can I ask why you wouldn't be a gurantor?

Madmonk

Unfortunately both myself and my husband are discharged br's so we wouldn't be acceptable!

MM

Lokolo

Madmonk wrote: »

Unfortunately both myself and my husband are discharged br's so we wouldn't be acceptable!

MM

Oh I seeeee. I thought you meant your son's gf's parents were.