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Question: Question about Renting a Property?

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Answer #1:

If you're in full time education you won't be entitled to any tax credits or housing benefit.

Answer #2:

You only get working tax credits if you are a single mother. I doubt very much if you are entitled to any benefits on the income you stated. You als have to be 18 years of age to rent a property. When you do rent a property, you will need to pay a bond, and rent in advance.

Answer #3:

Stay where you are and still get that evening job to save up for things that will give you pleasure.To live in a basic hovel would cost at least 250.00 a week so you do'nt find yourself getting into debt.At 16,you could even consider going into one of the armed forces if you are so desperate to be independant and you would get invaluable training and experience socially and career wise.Your parents are not there to support you once you decide to leave home so do'nt expect them to bail you out when you drop yourself in it!!

Answer #4:

At 16/17 you are unlikely to earn £5.50 an hour.

The way the job market is there are less and less jobs around too.

No landlord will let to anyone under 18 or older (I insist on 21).

£20 for elect and £20 gas in less than minimal.

Parents are not necessarily there to buy you a TV license etc. You are aware of the credit crunch as it is called? Jobs are going, benefits are being cut et al......... your parents may not be in a position to help out.

As with most things in life the THEORY is usually beautiful in its simplicity. The logistics are another story.

At your age the best place you can be is at home. Freedom is probably your issue but it comes at a very high price for children who leave home. Why should you want to get into the very expensive outside world whilst you are still studying? Join the adult (and rather wearing/stressful/expensive) big world when you are in a position to properly cope financially and emotionally would be my advice.

I think it is great that you have sat and worked out your 'plan' but I also think you are wearing rose coloured specs a bit. Nothing wrong with planning but do loads of research before commiting to anything.

Answer #5:

As you are not over 18 you cannot sign a tenancy agreement. This would have to be in your parents name. Once you turn 18yrs as a student most agents and landlords will require a Guarantor, again this will in likelihood have to be your parents. I also think your estimations for utility costs are less than they will really be. I would double them at least.

I'm sorry to say I think that you won't be able to accomplish this. I have never met a landlord that would consider this arrangement for a tenancy, might be able to pull it off on a bedsit, house share but not on a flat where you are the only tenant.

Answer #6:

Legally you cannot be a tenant until you are 18.

I'm not sure whether your estimated salary is realistic, but even if it is you still have to find the job first. And I do not think that 4 hours per day is realistic on top of studying.

Your estimates for utilities are not totally unrealistic, but are at the low end. If you have a cheap flat with bad insulation you may spend a lot more on heating. Also, you have to be responsible and remember to turn things off otherwise the bills can soar.

You have not included other bills, such as mobile phone (£0 - lots), contents insurance (£20), transport, clothes and entertainment. You have also not budgeted to furnish your new home. You may well have to provide all the furniture and appliances.

It seems strange that you itemise some things very specifically, including what money you can get from your parents. But you then assume that they will pay for anything you have not thought of. I'm not sure your parents will be keen to buy something for you that they are already paying for themselves that you could share.

You will not be entitled to any benefits until you are 18.

Over all I think you are being unrealistic expecting to move out on your own at this stage. Either finish school, get a job, and then go. Or get a job now so you can afford to look after yourself. But I wouldn't recommend that because you need to stay in school as long as possible.





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