06 September 2017

Posted by Discount Insurance on Wednesday, September 06, 2017
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This week we have put together our top tips for all of you students who are heading off to university this month to make the process as easy as can be!

Sort out your paperwork
Every adult tenant in the UK needs to prove they have a Right to Rent, this means you need to make sure you have one of the these documents: Biometric Residence Permit with unlimited leave, UK Passport that is in date, EEA/Swiss national passport/identity card, passport or travel document endorsed with unlimited leave, UK immigration status document endorsed with unlimited leave, EEA/Swiss family member Permanent Residence card or a certificate of naturalisation or registration as a British citizen. If you have not got any of these there are other documents which you may show to prove your status in the UK a full list of which can be found on the gov.uk website. It is a legal responsibility of the landlord to check this and they can be hit with heavy fines if they don’t. Some letting agencies can ask you for things such as 3 months worth of bank statements, a character reference, confirmation of course enrolment or even a guarantor. Make sure you are prepared for these possibilities.

Have your deposit ready
Currently landlords normally ask for a 6 week deposit and your first months rent, ensure you have the money in order to cover these.

Think carefully about your housemates
Often you might get on great with someone in your first year of university and you decide to live together in your second year. Problems can occur when you realise that what your friends do or fail to do causes issues in your house and friendship. These can be simple things such as not washing the dishes but can have a massive impact. So ensure you set ground rules from the start.

Consider the area you are picking
Speak to students on campus, at the open day or find Facebook Freshers groups! Ask to find out what the best location is for your university and what the average rent is in the areas you are considering living in.

Rent with trusted experts
As there are no restrictions to who can become a landlord, this means anyone can rent a property out! To be sure on who you are renting from try to find agents who are affiliated with a professional network such as ARLA. ARLA is the Association of Residential Letting Agents and follow a strict code of conduct, so if anything goes wrong you have a credited body to complain to.

Remember the bills
When you are working out your budget don’t forget to include a budget for your bills! If you can, rent a property which already has bills inclusive as this makes things a lot easier in the long run.

Inventories are important
Make sure you have an accurate inventory of everything in the room/house when you move in. You can even take photos to compare the state of the property when you move out.

Read the small print
Ensure you read the tenancy agreement including any small print before signing the document!

Recently we have been focusing a lot of our attention on students, particularly things such as The Student Guide to paying the bills and Students: Top mistakes that can ruinyour credit score to help you further on your way we have conducted our top tips for renting out a property as a student.

At Discount Insurance we can cover your contents, credit cards, cover you for personal injury and more with our Students Insurance call 0800 294 4522 to get a quick quote!