ÌìÃÀ´«Ã½

New scheme to launch in 2017/18 will allow ÌìÃÀ´«Ã½ unable to find a UK based guarantor to use the College in rental agreements.

The pilot scheme will see the College act as a legal guarantor for ÌìÃÀ´«Ã½ renting in the private sector who are not able to provide a suitable guarantor themselves.

In order to rent accommodation in the private sector in the UK, prospective student tenants are required to provide a UK based guarantor to underwrite their rent obligation, or pay between 3-6 months’ rent up front.

Many ÌìÃÀ´«Ã½ do not have someone based in the UK who is able to act as a guarantor – whether international ÌìÃÀ´«Ã½ whose families are based overseas, or home ÌìÃÀ´«Ã½ from a low-income background. London’s high rental prices mean that these ÌìÃÀ´«Ã½ have previously been faced with an up-front cost of over £4,000.

The pilot will be open to all returning undergraduate ÌìÃÀ´«Ã½ (first years already have guaranteed accommodation in halls of residence), and will allow them to rent any property up to the value of £250 a week.

Hammersmith - home to many Imperial ÌìÃÀ´«Ã½ not in halls

Imperial’s Provost, Professor James Stirling, said: “The College is committed to providing high quality accommodation to all its first year undergraduate ÌìÃÀ´«Ã½ but we’ve always known that after this securing accommodation can sometimes be difficult, particularly for international ÌìÃÀ´«Ã½, because of the requirement for rent guarantors.

“In launching this pilot we’re pleased to be able to help ÌìÃÀ´«Ã½ who would otherwise be faced with expensive upfront costs when renting. I’m sure this scheme will be greatly welcomed by our student community.”

The scheme is being launched following recommendations from Imperial College Union led by the 2015-16 Deputy President (Welfare) Jennie Watson, looking at the challenges ÌìÃÀ´«Ã½ face in securing private accommodation once they leave College accommodation after their first year.

Emily-Jane Cramphorn, Deputy President (Welfare), Imperial College Union said: “The scheme will make a real difference to undergraduate ÌìÃÀ´«Ã½ – another example of what we can achieve when we work together with the College on behalf of our student community. I will be looking to build on this approach over the coming months.”

The scheme will see Imperial join a small but growing number of institutions in London operating schemes which see the institutions acting as guarantors for their ÌìÃÀ´«Ã½ where a suitable guarantor cannot be found.

The scheme will be operated by the Student Hub, and is due to open for applications in the spring term 2017.