Employed to student - renting

matthew91822

Hi There

Renting noob here, moving out of the folks house (at last)!

I am currently full-time employed (aged 23) and in September I will be becoming a mature student and my work will become part time (14hrs). I am interested in renting a small studio, I have a viewing arranged for the studio with a rent of £475pcm. I will be able to pay this with my part time income. I will also have a student living expenses loan. When I requested to view this property they said that only people who were full-time employed could apply for the property.

Does this mean I may not be eligible for the property in future? I do have additional income as I am a landlord myself. However managed by my parents (accountant). This a very very popular brand new property and will needed to have an offer within days of the viewing

Should I mention the fact that soon I will no longer be full time work? And might there be anyway to persuade that I have the money to pay rent?

Apologies for my noobyness!

Thanks in advance!

jbainbridge

I wouldn't mention it. As you say you are confident you will be able to keep paying the rent ... and once you are in that's all the landlord will care about.

Guest101

You are currently employed.

Even if you werent going to be a student, you could be made redundant in 2 months. Just apply as full time employed.

agrinnall

Agree with both the above. Don't forget that you'll need to pay Council Tax while you're employed (but you should be eligible for the single occupancy discount) but you become a full time student then you will be able to apply for exemption from CT.

LplateSaver

agrinnall wrote: »

Agree with both the above. Don't forget that you'll need to pay Council Tax while you're employed (but you should be eligible for the single occupancy discount) but you become a full time student then you will be able to apply for exemption from CT.

I guess it may vary by council and the move in date but they will not have to pay council tax during the summer before they start uni irrespective of whether they are working full time or not..

Op I moved into my first flat in June, started uni in October, worked full time up until Dec and I was exempt from council tax. You will need to inform them though as they don't get informed by the uni until after you register and like I said the policy may vary by council.

dancingfairy

I suspect it means we don't like people on benefits/people who don't fit into our narrow definition of what we consider to be suitable/not too much hassle.
Generally people working part time jobs/on benefits/students etc have a bad reputation when it comes to renting. People seem to have this mistaken belief that renting to someone in full time employment is always sooo much better (When in reality they could lose their job or become ill anyway).
They may have enough people who work full time who want the place that they needn't take the risk with people who work part time/on benefits/students etc or be going through an agency who have told them the tenant MUST work full time
df
p.s it really annoys me that even when you work part time and can easily afford the rent landlords somehow look down on you and don't trust you to manage your money

dimbo61

" I suspect it means we don't like people on benefits "
Housing benefits is paid in arrears so when someone on HB moves into a property it can be 6/8 weeks before the LL receives a penny.
It is always a month in arrears as well.
HB is paid to the tenant and they have to pay the LL
Now someone who is working will pay a deposit and one months rent the day they move in

matthew91822

Thanks for the replies, guys.

Do you think me mentioning the fact I have rental income (from a property managed by another well known agent) which covers the rent of the property twice over, might swing it a bit?

Thanks

agrinnall

Your financial position now is what matters. If you earn enough from your current full time work to pass their income test then I don't understand what you're worrying about, what happens in September is irrelevant as long as you keep paying the rent. Of course, if you don't earn enough now then the rental income boost might help you meet the criteria, but in that case you probably won't be able to afford the rent when you're no longer working full time.