Follow this topicFollow this topic Knowledge » Student finance

Want free student accommodation? Try unihomeswap

Neil Faulkner
by Lovemoney Staff Neil Faulkner on 17 August 2012  |  Comments 3 comments

Here's a service that helps you swap your room at home with other students so that you can live for free near your university.

Want free student accommodation? Try unihomeswap

Students now have another option for getting cheap accommodation: you can swap your room at your parent's home for a room in somebody else's parent's house. All the students involved in the swap benefit from free accommodation.

New website unihomeswap believes students could save between £3,000 and £10,000 a year if your parents are willing to offer your room to another student looking to study in your town.

You could then swap with them, if their family home is in the same town as your chosen university. If it isn't, you create a swapping triangle: for example, you move to a London home, the Londoner moves out to Birmingham, and the student from Birmingham moves in with your folks in Reading.

Costs, cleaning and curfews

You can register for free to search for rooms. It costs £25 to list your own room on the website, at which point you can contact others about theirs.

A launch offer is currently running that waives this fee in order to attract more properties. This offer is due to expire at the end of September. If it doesn't then you'll know the website hasn't yet created as many swaps as it had hoped to.

You might agree to help with bills. unihomeswap writes: “consider formal agreements about contributions towards bills and food, if any, as well as damage, curfews, visitors, pets, cleaning, smoking, drinking and each others' privacy.”

Getting to know each other

Once you've listed your own room, you're able to get contact details from other students and parents. You're then expected to make contact by phone and email. You'll probably want to talk to them a few times, maybe even meet them, to get to know each other.

You're allowed to pull out of a swap at any time.

Local “family support”

unihomeswap sees this service not just as an opportunity to save thousands of pounds, but as a way to help students get integrated in the community in a home that is supportive.

It suggests a trial period of up to six weeks or the whole first term if possible. “Living away from home for the first time and starting a university course is a big challenge for most people. Homesickness may set in! Give it all a chance. We hope that host families of swappers will be a source of support to the students at this time,” the site says.

If you don't like it after one term, at least you've probably saved over £1,000 in accommodation costs.

Safety is your responsibility

unihomeswap has been contacted by potential swappers about safety concerns. The website does not vet accommodation, which is the responsibility of parents and students.

unihomeswap writes: “This process may seem new, but it is only slightly different to ‘hosting’ a foreign student, or a student exchange program, where little or no money changes hands. It is also similar to a private rental or ‘digs’ but with the extra support of a family environment.”

unihomeswap points out to very concerned parents that no one ever runs a Criminal Records Bureau check on their own landlords. Admittedly this is different, since most students don't live with their landlords, but the risk when sharing with another student's parents is probably no greater than sharing with another student, as many do.

It's still early days

The website is new and it has teething problems. When I registered it wouldn't let me enter the promotional code that would enable me to list a property without paying the £25 fee before the end of September.

Also, when searching within 10 miles of every university and college campus, I received just a few hundred results. The number of listed properties will be far fewer than this, since many of those properties will show up next to more than one college or university.

Currently, there are only around half a dozen rooms listed in a 20-mile radius from central London, so the website has got a long way to go to build scale.

According to the website “hundreds” of people are registering all the time, so we can expect more of those registered members to start adding rooms. Hopefully, many of the hundreds of thousands of students in the UK, combined with the power of the internet, will turn this website into a great resource.

More student finance tips

The best student bank accounts

Money saving tips for students

Is a £3,000 student overdraft a good idea?

How to find student bursaries, grants, and scholarships

Enjoyed this? Show it some love

Twitter
General

Comments (3)

  • Mike10613
    Love rating 599
    Mike10613 said

    This idea is worth looking at, but not likely to work unless they get lots signing up so those promo codes need to work. I was impressed with http://victoriahall.com/ - it's a more expensive option than some halls of residence, but it is an option. The one I looked at worked out to £83 a week over about 43 weeks.

    Report on 19 August 2012  |  Love thisLove  0 loves
  • nickpike
    Love rating 270
    nickpike said

    There's a significant reduction in students this year. Does this mean there will be a significant number of empty houses, and hence will help drive rent down?

    I think £110 per week is a rip-off.

    Report on 19 August 2012  |  Love thisLove  0 loves

Post a comment

Sign in or register to post a reply.

Our top deals

Credit card
company
Balance transfers rate and period Representative
APR
Apply
now

Barclaycard 26Mth Platinum Visa

0% for 26 months (3.5% fee) Representative 18.9% APR (variable) Apply
Representative example: assumed borrowing of £1,200, representative 18.9% APR (variable). Purchase rate 18.9% PA (variable)

Barclaycard 25Mth Platinum Visa

0% for 25 months (2.4% fee) Representative 18.9% APR (variable) Apply
Representative example: assumed borrowing of £1,200, representative 18.9% APR (variable). Purchase rate 18.9% PA (variable). BT fee is reduced from 3.5% to 2.4% (T&Cs apply)

Halifax BT 25 Month MasterCard

0% for 25 months (2.5% fee) Representative 18.9% APR (variable) Apply
Representative example: assumed borrowing of £1,200, representative 18.9% APR (variable). Purchase rate 19.0% PA (variable).
W3C  Thank you for using CGWEBLIV2