Being a student in London is stressful, not only are you working your way through a mountain of work, but you're also living in one of the busiest and most expensive cities in the world. With 40 universities and around 400,000 people completing some form of study in the capital, it's no wonder finding somewhere to live is a nightmare.
Most students will spend their first year in halls of residence just for the experience;
over-flowing bins in communal kitchens, regretful nights out and endless pesto pasta, but then
choose to rent with friends or course mates from second-year onwards. However, university halls of
residence are usually more expensive than renting, so you if you don't want to incur a greater cost
in first year its best to start looking for somewhere private to rent.
Once you've sorted out who you want to live with, be it friends, course mates or others in in a flat hunting group, it's time to start looking for a property. You might be lucky enough to find something in May or June but there may be less properties on offer. From August to September the back-to-uni rush is on, with properties advertised on average 2 months before they're available, Londoners have the least time to find their accommodation of any UK students. Without the typical student rental market of other UK cities, the search can also be highly competitive, and involve complex hidden costs, from guarantors to admin fees.
After you've found somewhere to live the London cost of living is your next big burden. If you're a
UK student, your maintenance loan is unlikely to stretch very far once you factor in rent, bills,
food, and regular trips to XOYO, so it's important to plan ahead. According to the National Student
money survey the average monthly expenditure of students at London universities in 2019 was £900,
with rent being the largest contributing factor to this sum at around £485 pcm. Despite being exempt
from paying Council Tax, the money saved is quickly
used up when you have to pay £5.19 for a pint in the pub, or £2.40 on the tube.
For more info check out this guide on SaveTheStudent.com.
Avoid the stress of browsing multiple websites by letting Moovino do the searching for you. Simply select your criteria, set an alert, and let Moovino scan all of the major property sites for your dream home. Then sit back, relax, and receive property alerts as soon as they're listed!
There are more than 40 universities in London, so finding a place for your and your friends to live can be a challenging task. Moovino's goal is to help you with make this as easy as checking your notification. Check the page dedicated to your university for more information.