Lack of housing could affect student finance in London

Mon, 01 Aug 2011

Young people planning to head to university in London might be wise to seriously look at their student finance options now if they are to afford accommodation during term time.

Whathouse.co.uk recently pointed to figures from Drivers Jonas Deloitte, which showed that there is a major shortfall in student housing in the capital.

This is thanks to sustained growth in university applications in the city over recent years and is in spite of a number of student housing projects having achieved planning permission.

According to the property consultancy, many of these developments will not be started due to issues with raising finance .

Drivers Jonas Deloitte planning director Andrew Gale told the website that more homebuilders need to focus on forming partnerships with universities.

He pointed to areas like Camden, Southwark and Hammersmith and Fulham as places in particular need of attention.

Meanwhile, a recent article in the Mirror saw Moneynet.co.uk spokesman Andrew Hagger tell the newspaper that he recommends Halifax and HSBC's student accounts, which offer interest-free overdrafts of up to £3,000.
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