Financial Help...

My uni (kingston uni) have a service which can get some extra money for students who have nothing, and need something...

..does your uni provide this?

Do you take a student loan?

Matt

Take it the bank didnt offer you a loan. Not sure what you can do here mate. Sometimes the hard way is the only way. Think I would sell the bike, and then promise myself I will buy another, when I have the money. Its better then being in debt before you even start out. Debt has a habbit of just growing, so the longer you wait before starting it the better. All in good time you will get what you want.

325*8*12=£31,200 Now that is a hefty bloody mortgage a year, i'm a financial advisor, but i dont need to be one to tell you that.

How many rooms is that?

Originally Posted by TheDangerousQuietOne

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.

There's the problem! What are you doing in a house like that as a student!? I was in a sh*thole for 7 years of higher education

jeez mate thats a joke!
Where me and my bloke live is quite a posh little country village, house prices are sky high (house down the road sold for half a mill!!), we have our own little flat-kitchen/bathroom/living room/bedroom and we only pay £280 a month!
Id live on campus, can be a good laugh hun, plus you wont be getting in debt.

As everyone else has already stated, that does seem like a lot of pennies to be coughing up. There must be much cheaper places around, and it also sounds like your landlords aren't as friendly as you would perhaps hope - could potentially cause issues down the line!

Are you intending to stay there for the full 12months? All my accommodation during my Uni years were on a 9/10month contract, which naturally suited everyone much better.

I have found paying upfront for first months rent and deposit is very common and to be fair, you can understand why the landlords are a little cautious to ensure that you (and the other 6+1daughter) are going to be good for the money, as it's unlikely they'll find a substitute for you mid-term. That said, given the short notice they've given you - i think it's only reasonable that they give you half a chance to find the funds!

The very best of luck

Originally Posted by Tiger 55

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

Unfortunately they can't guarantee me a space on campus once the academic year starts, I would have about 1 weeks notice if they didn't have space for me.

TBH it all seem fairly regulation to me, from my experience of having seen my parents rent out a few of their houses. I'm lucky enough to flirt between my parents house in Marlow and if i need to their appartment in London.

That said i have mates who go to uni in London and they pay circa £100 per week rent in a shared house and then utilities on top of that. So there are people in a similar position to yourself. I have a mate who is not that well off and he quickly learned that he had to get a job to pay the bills.

As it seems you are strapped for cash, have you gone through all the obvious sources like:

Student Loan
Tuition Fee Loan
Student Overdraft(although i never go into overdraft..****e long term)

Assuming the tuition fee loan is used, that leaves you with a student loan that should roughly cover a years housing. You then have an overdraft to live off but like a lot of students getting a part time job seems inevitable.

I confess that i dont have a clue where Falmouth is, but you could easily end up paying higher in London.

Most obvious solution is to find somewhere more affordable to live, you have a bike so although its not ideal you could "commute" to lectures. If you dont have the £'s then a big victorian house....seems a bit extravagant.

You said the landlords are your parents friends, could they not have a word? At then end of the day you may find they have overextended thmselves to buy to let, and need the cash to cover the mortgage...so they cant afford to be flexible, when they might normally have been.

I dont see how you can have any grievance with them letting their daughter live there rent free....she is family and its their house. You might also find that they would of paid her accomadation fees anyway and there is no point them giving her money for rent only to be taxed on it!

As people have said it is standard for a deposit and an agreed amount of rent to be paid before you move in. My parents ask for £1k deposit, which the letting agent keeps, and three months rent upfront...so it could be worse . Students are also notorious for being a greater risk letting wise. They actually make the insurance more expensive and my parents from past experience wont rent to them.

As for solutions it seems that the house is too expensive, live on campus or find somewhere to live off campus that is cheaper....little help i know.

Cheers for your help guys an gals.

I'm calling my landlord tomorrow with a full list of incoming cash over the next six months to show I can afford it. Also going to look at Abbey National as they are very good with loans. A girl I know got a £2k loan repayable over 8yrs and she is a full time student earning just £70 a week!!

Just be careful with loans and credit...they are a money pit and you can spiral into major debt....borrow as little as possible and pay it off ASAP