¹û¶³Ó°Ôº

"We welcome this resolution which is a positive outcome of engagement with our student body and ¹û¶³Ó°ÔºU. ¹û¶³Ó°Ôº currently houses approximately 6,000 students in its Halls and is committed to keeping rents as low as possible for its residents.

"Recognising the concerns of some of our students, for the second year running, ¹û¶³Ó°Ôº in conjunction with ¹û¶³Ó°ÔºU has frozen its lowest rents for 2017/18. Following further engagement with the wider student community, we have also increased the available accommodation bursary to £600,000 for 2017/18 residents. The bursary will provide discretionary financial support towards accommodation costs for residents most in need of financial assistance.

"These commitments reflect ¹û¶³Ó°Ôº's undertaking to ensure affordable accommodation and fair access for every student, reflected in the fact that we offer some of the cheapest accommodation in central London when compared to equivalent London institutions and private sector accommodation.

"¹û¶³Ó°Ôº is a non-profit organisation with all rental income re-invested back into the estate including the £33 million refurbishment of Astor College Halls of Residence which is underway and the planned £45 million refurbishment of Ramsay Hall. This continued investment will provide increased affordable student bed spaces and better facilities for our students in the Bloomsbury area."

Duncan Palmer, Director of ¹û¶³Ó°Ôº Accommodation

¹û¶³Ó°ÔºU statement on student accommodation costs

"The Students' Union and ¹û¶³Ó°Ôº Cut the Rent have been in negotiations with ¹û¶³Ó°Ôº over recent months to get a better deal for students residing in ¹û¶³Ó°Ôº accommodation. We have reached an agreement on increasing the provision of accommodation bursaries and a shared commitment to realign the rents charged from 2018/19 onwards. We look forward to working together with ¹û¶³Ó°Ôº to ensure the accommodation provided is high quality, safe and affordable.''

Mehj Ahmed, Welfare & International Officer 2016/17

Details of tripartite agreement betweenÌý¹û¶³Ó°Ôº, ¹û¶³Ó°ÔºU and ¹û¶³Ó°Ôº Cut the Rent

• The £25 late payment fee will be waived by ¹û¶³Ó°Ôº for all its residents who have paid their accommodation fees in full by the 24th June 2017 for the academic year 2016/17.
• Refundable deposits from 2017/18 have been halved to £250*. (*Terms and conditions apply)
• A sum of £600,000 is to be made available for the academic year 2017/18, for the purpose of an accommodation bursary. The terms of the bursary are to be determined between all three parties.
• ¹û¶³Ó°Ôº will commit to working with the other two parties to realign the rents for the academic year 2018/19 and beyond. The realignment will be based on an agreed rent-setting model that takes into account factors that have already been agreed between all parties.ÌýNegotiations are due to commence in the summer of 2017.
• All three parties to sign an agreed commitment charter to ensure fair access for every student with respect to first year accommodation at ¹û¶³Ó°Ôº. This charter will be agreed and signed with a view to set out the principles on how all three parties will work together to provide appropriate support towards accommodation costs for residents most in need of financial assistance in ¹û¶³Ó°Ôº owned or nominated accommodation.
• The publishing of a version of the charter for public viewing.

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• Campbell House East

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