Guarantors for tenants

Nebulous2

GreenSnake wrote: »

Thanks. Staying in halls could be a good option. This or lodgings would be the best options I think. My experience of student housing was a three bedroom house, adapted for 5 bedrooms. One shower and fridge between 5. I think we paid £150 each per month and split the bills on top. One student took on each bill. Looking back, a lodging with a family, perhaps with evening meal included would have been much more civilised.

There are regional variations and different lettings 'cultures' in different places, meaning it is hard to generalise. Some places try to bounce you into a year - others dont. In Edinburgh for instance there is a lot of money to be made letting for the festival so they are happy with students who dont want to stay.

The modern day equivalent of what you are describing is a 3 bedroom flat converted into a 4 by removing the living room. That is an issue because there is no living space. Cost more like £400 pcm each plus bills.

I've never known any student for whom lodgings worked. My sister tried it many years ago. Had to be back at 6 for tea, no friends round, had to be in by 9.30 etc. I'm sure it has moved on since then, but still it would cramp her style in many ways. A lodger now is often a professional person, working away from home, who gives you your house back at weekends because they go home. If you can have that why would you consider a student?

GreenSnake

Pixie5740 wrote: »

Unfortunately, Student Finance England consider your offspring to be dependents up to, and including, the age of 25. Your household income will be taken into account when Student Finance England decide how much financial support she is eligible to receive.

I do hope your children show as much care when picking out your care home as you will show when it comes to their university accommodation choices.

I think the point silvercar is making is not that you would be telling your daughter what to do but rather if she went to lodge with another family she would not have the same freedom and therefore learning experience as her peers.

Yes, I see your point. But I came from a working class background and never had any money or guarantors from my parents. I gave my mother housekeeping money from age 16 onwards.

I really don't want to see my kids develop a prolonged dependence on me. I don't want them to only develop friendships with kids from well off parents. I've seen kids from some well off families develop such an entitlement mindset, that it really does them no good.

dimbo61

Many years ago my sister used to have student lodgers to help pay her first mortgage but I think they are now few and far between in most big cities.
Manchester universities offer Most but not all first year students a room in a Hall of residence BUT then incourage students to move out into private halls or private homes.
One of my sons spent 2 years in private halls near his university campus ( because it was cheap ) Liverpool.
Not so happy about the Cabin bed which was 3 foot wide and 6'6" long as he is 6'2".
Others have already stated your family income is taken into account for the size of the student loan your daughter will receive and parents are expected to make up the difference.
Good Luck in getting your daughter into uni and I hope she loves the whole experience
PS Northern universities and northern cities are much cheaper than down south

Pixie5740

GreenSnake wrote: »

Yes, I see your point. But I came from a working class background and never had any money or guarantors from my parents. I gave my mother housekeeping money from age 16 onwards.

I really don't want to see my kids develop a prolonged dependence on me. I don't want them to only develop friendships with kids from well off parents. I've seen kids from some well off families develop such an entitlement mindset, that it really does them no good.

The times they are a changing. Once upon a time students had their tuition fees paid for them, decent grants, were entitled to council housing and could sign on over the summer....or so my older colleagues like to tell me.

dimbo61

" I suppose I am the nearest you are going to get to the Spam Police!

Those websites are run by the universities themselves, so I'm allowing the links"
Thank You Silvercar

GreenSnake

Pixie5740 wrote: »

The times they are a changing. Once upon a time students had their tuition fees paid for them, decent grants, were entitled to council housing and could sign on over the summer....or so my older colleagues like to tell me.

You're right. It seems the country is going backwards.

dimbo61

Which brings me back to MSH
Great advice on what students should be looking for!
Never in all the years we have rented out students homes has a student or a parent asked about EPC ? We have a "B" rating
Fire safety ( fire doors, mains wired smoke alarms, CO alarms, fire blankets, turn locks and fire extinguisher)
Security ( burglar alarm, security lighting, shock sensors on exit doors and even laminated security glass.
Location, Condition of the property and furniture, size of rooms, number of tenants, number of bathrooms, Super fast broadband is a MUST
However most parents leave it up to the young students themselves and we see groups who have only known each other for a few weeks agree to live together for 1/2/3 years

silvercar

GreenSnake wrote: »

I'm not going to tell them what to do. But once you hit 18, that's it in my opinion. No more handouts. I never had a penny from my parents, once I left school. I also would never have had a guarantor. They will be reminded of this in good time. It won't come as a surprise.

But you will effectively be telling them exactly what they can do. I would say 80%+ of students live in shared houses, you will be preventing your daughter doing that, so forcing her to what most students think of as undesirable.