Yep, you read that right. Some student houses for next academic year are already being advertised.

If your first thought was “surely I don’t need to think about that yet?” – we get it.

‍

Seeing houses hit the market early can make it feel like you need to get a group together, find somewhere and secure it before someone else does.

‍

But don't let the housing rush rush you.

‍

Before you handover any money or commit to somewhere, take your time, know your housing rights and make sure the decision works for you.

‍

Asked to pay a holding deposit?

‍

Some letting agents may ask you to pay a holding deposit toreserve a property before you sign your tenancy agreement.

‍

A holding deposit should be no more than one week’s rent.

‍

Before you pay, make sure you understand the terms. Find out how long the property will be held for, what happens to your money and what happens if you or the landlord decides not to go ahead.

And keep hold of any emails, paperwork and proof of payment.You might need them later.

‍

Paying now but signing later?

‍

You might be asked to pay a holding deposit now but not sign your formal tenancy agreement until closer to your move-in date.

There’s no rules topping you from agreeing a tenancy more than six months in advance. However, under the new renting rules, landlords of some student properties may choose to wait until six months before you move in before entering into the tenancy.

‍

So, if you're being asked for a holding deposit now, don't feel rushed into paying it. Check how long it lasts, what you're agreeing to and what happens to your money if you change your mind. If you're unsure, get independent advice before handing over any money.

‍

‍

Before you commit, think Price, Place, People

‍

‍Price – Can you comfortably afford the rent? Remember to factor in bills and other costs throughout the year.

‍

Place – Does the location work for you? Think about getting to campus, transport and the things you'll need day to day.

‍

People – Are you ready to live together? Have a chat about budgets, cleaning, studying, socialising, guests and what you all expect from living together. Your friends might not make the best housemates.

‍

‍

Finding the right home isn't about being first. It's about finding somewhere that's right for you.

‍

‍

Know your rights before you commit

‍

Feeling pressured? Confused about something you've been asked to pay? Not sure what you're agreeing to?

‍

You don't have to figure it out alone. Our Advice Team offers free, independent housing advice and can help you understand your options before you make a decision.

‍

Take your time. Ask questions. Know your rights before you commit.

‍