Financial Help...

dont worry about leaving them out of pocket, sure it sounds like a big house but it sounds to me like they're making an absolute killing out of their kids mates. I can appreciate that the idea of staying on campus for a couple of years isn't a particularly attractive one but it might be the best idea financially, especially if you want to keep your bike! which ofcourse you do!

Originally Posted by Warthog

As others have said, for an 8 person house that rent seems very high...

+1. Your rent alone is greater than the mortgage on my house, nevermind multiplying it by 8!!

I was in a similar situation at Uni, only there were 3 of us, and I wasn't paying nearly that much. In fact, I think I was paying a 3rd of what you are, which for the house, was pretty reasonable.

The only reason I can see for them charging so much, is because they've had high costs with buying the house and furnishing it for your use (up to standards of the Universities housing board).

Other than that, I can't be much help either I'm afraid.

[Gazza77]

How does what they are charging per month compare to other similar student properties in the area? That's the key bit!

It's not the highest in the area by far. It is in the top 20% of house prices tho. Basically I'll be paying for a massive victorian house, done up to a high standard, in my own 2 bedroom flat with a large kitchen and bathroom. The other 6 are upstairs.

There is quite a housing shortage in falmouth thanks to the influx of students and it'll be even worse next year when another 1000 descend on the town so getting this house sorted for 2yrs will be a massive bonus. They are currently doing the house up to a high standard because they want their daughter to have a nice house.

I've just called my landlord and have told him that if he gives me an extra week then I can sell my bike and pay him everything I owe him. He asked me about my earnings over the summer etc and seemed fairly happy that I will be able to keep paying him every month. Unfortunately his wife is far less generous and if she says no then its no.

I was planning on selling my bike in 3 months or so when I pass my test anyway but looks like I'm gonna have to sell it now and buy another cheaper one to do my test on. I really don't want to get rid of it but I know I will be relatively raking it in over the summer when my £300 deposit and £400 tax rebate arrive so it will only be a short break.

Originally Posted by TheDangerousQuietOne

There is quite a housing shortage in falmouth thanks to the influx of students and it'll be even worse next year when another 1000 descend on the town so getting this house sorted for 2yrs will be a massive bonus.

My MIL lives in Falmouth, you could go and live with her

So you aren't moving in until september and they want the first months rent now?!

No I'm moving in on the 1st july...though thats looking dodgy now.

They have pulled a blinder here! But that doesnt help you, you need to live somewhere...... what if you loan him your bike so he can run away from his dragon Mrs for a couple of months .... not much help sorry

If it is for the deposit, could you not explain the situation to him, write him a cheque, which he will not bank unless you leave/damage the property (which will be in 12 months time ....when you will have the funds) Does it HAVE to be cash?

Yeh it has to be cash and i'd still have to find the £325 for the first months rent. I can live on campus for £50 a week over the summer but it'll be even more of a hassle. Then I'd have to find somewhere else for next year.

Originally Posted by TheDangerousQuietOne

I'll be living on campus for the next two years

Problem solved, live on campus. OK, it's not a two bedroom flat but there are quite a lot of people out there (and on here) who work for a living and don't have two bedrooms and they seem to survive OK. Besides, campus is fun