The new rents for UAL student accommodation for the 2015/16 academic year have been announced.
Students in the coming year will continue to benefit from rents that are below the market rate. A rise of 3.3 per cent has been agreed which has been calculated using RPI (retail price index that measures UK inflation) at 2.5 per cent as well as a proportion of what the landlord charges UAL for the property.
Steve Howe, Director of Estates, said: “We are still negotiating with the landlords of our accommodation. If we are able to secure any further savings these will of course be passed on to students in the form of a discount code.”
UAL currently subsidises most of its accommodation to ensure that rents are below the London market rate. Half of our accommodation is now on an agreed 42 week contract that reduces the amount students pay over the course of a year. Over 15 per cent of UAL students live on university accommodation, with the remainder organising their own living arrangements.