What will I be paying for?

Endsleigh

When looking for student houses, make sure you ask the letting agent or landlord plenty of questions before deciding on a potential new property, because they could affect the decision you make.

When you sign a tenancy agreement, you are signing a legally binding document, so it’s important you make the right decision.

Rent

Work out your budget before viewing houses so you are confident on the amount you and your housemates can spend each month on rent and bills.

It’s a good idea to pay your rent direct to the landlord using a traceable method, such as direct debit, rather than paying in cash.

Utility bills

Your tenancy agreement should state which bills are your responsibility and which, if any, are included as part of your monthly rent. Usually tenants are responsible for the gas, electricity and water bills.

Make sure you keep a note of the readings on your energy meters on the day you move in to ensure you are paying the correct amount and are not charged for the previous tenant’s energy usage. You should do the same when you move out and arrange for the landlord or letting agent to read the meters with you at the same time.

TV licence

A standard colour TV licence is £145.50 a year. You can set up a monthly direct debit to help spread the cost. If you have a joint tenancy you only need to pay for one licence for the house, no matter how many TVs you have. However, if you have separate tenancy agreements you will all need your own TV licences. The law changed on the 1st September 2016 and you must be covered by a TV licence to download or watch BBC programmes on iPlayer – live, catch up or on demand. This applies to any device and provider you use.  

Council tax

Full-time students are generally exempt from paying council tax, but you need to let the council know by sending evidence of your student status. More information about council tax can be found on the gov.uk website.

Insurance

Whilst away at university, it’s highly likely that you’ll have one or two items of some value, if not more. Whilst your halls may provide insurance cover for your contents whilst inside your room, it’s worth taking the time to understand what is included within this policy – does it cover your phone and laptop? Does it cover accidental damage? Does it cover your items whilst outside your room?

Find out more about insurance for your contents and gadgets whilst away at university.

Read our disclaimers

Endsleigh

Endsleigh specialises in providing insurance for students & professionals; covering gadget, car, home, travel & life insurance. 

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