The Best All-inclusive Package For 2023-2024

Happy Housemates

No bills to pay!

GUARANTEED superfast Wi-Fi signal in every bedroom! [up to 500Mbs]

Our all-inclusive package is the best in Loughborough; it is a budgeted allowance scheme of £15 per Tenant per week that is added to the rent to cover the cost of Water Rates and TV Licence along with all the bills for electricity & gas supplies and superfast Virgin Media internet [up to 500Mbs]. Any unused allowance for electricity & gas is refunded at the end of the tenancy!

A summary of what the scheme covers is as follows:

Water Rates: the cost of water supply and sewerage services is included in your rent.

TV Licence: the cost of a TV Licence is included in your rent.

Electricity and Gas Supplies: the Rent includes an allowance of £11 per Tenant per week (£572.00 per Tenant based on a 52-week Tenancy or pro-rata thereof) to budget for the cost of the electricity and gas used by the Tenant during the Term of the Tenancy. The electricity and gas accounts are in the name of the Landlord and the Landlord pays the bills on behalf of the Tenant. The Landlord regularly researches the whole market for the most competitive tariff. The allowance for electricity and gas has been set based on an estimated forecast of the unit cost of electricity and gas multiplied by a rolling annual average of actual historical kWh usage data in a typical multi-occupancy student house over recent years.

Adding up the bills from all our houses over the last couple of years, the average cost for electricity and gas has been as follows:

  • £258.13 per housemate for Academic Year 2017-2018 (£4.96 per housemate per week).
  • £309.75 per housemate for Academic Year 2018-2019 (£5.96 per housemate per week).
  • £290.93 per housemate for Academic Year 2019-2020 (£5.59 per housemate per week).
  • £345.23 per housemate for Academic Year 2020-2021 (£6.64 per housemate per week).
  • £391.91 per housemate for Academic Year 2021-2022 (£7.54 per housemate per week).

* INCREASING Energy Costs: 2022-2023:

* £640 per housemate is the estimated budget for Academic Year 2022-2023 (£12.30 per housemate per week).

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The ongoing situation in Ukraine means a period of continued uncertainty for energy costs and whilst we regularly research the whole market for the most competitive tariff we must report that at the time of writing [October 2022] there are currently neither low priced nor fixed rate energy contracts available.

With the energy crisis and general hike in the cost-of-living, everyone in the UK is apprehensive about the cost of energy over the winter months; we feel vulnerable because the unit rates for electricity and gas are something that we have no control over.

In line with details set out in the government’s Energy Bills Support Scheme (EBSS) our energy supplier (Shell Energy) will automatically apply a discount of £66.67 to the energy bills for the six-month period from October 2022 through to March 2023.

A total of £400 will be therefore have been deducted from energy bills during this period; based on a typical 5-bed student house the EBSS discount equates to a discount of £80 per housemate.

At the end of the tenancy we will reconcile the total of energy bills for the final accounts; and the £400 EBSS discount per house will automatically be passed on.

The energy budget for 2022-2023 of £6.50 per housemate per week was set in September 2021 based on a rolling 10-year average of actual consumption of kWh of electricity and gas with the then unit rates for energy applied. Each housemate pays into the budgeted allowance scheme at the rate of £6.50 per week x 52 weeks = £338 per housemate total energy allowance for the term of the tenancy. If the energy bills for the year total more than £338 per housemate, the housemate will make a top-up payment (or we can deduct from deposit) for the over usage amount; likewise if the energy bills for the year total less than £338 per housemate then we will pay back the under-usage amount by adding it to the refund of the deposit. It is inevitable there will be an over budget amount for 2022-2023 but quite how much this might be depends on what happens to unit rates for electricity and gas from January 2023 / April 2023. If the government’s price cap set on 1st October 2022 remains the same through to end of June 2023, we would estimate the total cost of energy is likely to be circa £720 per housemate, less £80 per housemate government EBSS discount = £640 net per housemate (this is based on a typical 5-bed student house).

  • If this scenario were to play out, the over budget amount would be circa £302 per housemate.
  • If the government’s price cap goes up in January 2023 / April 2023 the over budget amount will be more.
  • If the government’s price cap goes down in January 2023 / April 2023 the over budget amount will be less.

Consumption of actual kWh will also depend on how long / cold the winter is and how long the heating is programmed to come on / go off etc.

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** INCREASING Energy Costs: 2023-2024

** £572 per housemate is the estimated budget for Academic Year 2023-2024 (£11.00 per housemate per week).

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The ongoing situation in Ukraine means a period of continued uncertainty for energy costs and whilst we regularly research the whole market for the most competitive tariff we must report that at the time of writing [October 2022] there are currently neither low priced nor fixed rate energy contracts available.

  • We operate a budgeted allowance scheme for electricity and gas; the deal is that the tenants pay for what they use, nothing more, nothing less! It is important to understand that as your landlord we only manage and pay the energy accounts on your behalf i.e. they are your energy bills, not our energy bills.
  • Year-on-year, we keep a record of the kWh usage of electricity and gas across our properties and the budgeted allowance for energy in our tenancy agreement is calculated some 9 months in advance based on an estimated forecast of the unit rates for electricity and gas multiplied by the rolling average of historical kWh usage in a typical multi-occupancy student house over the previous ten years.
  • The reality is that the current [October 2022] unit rates for energy are around 115% higher than they were before the energy crisis. Over the medium term however, we speculate that energy costs might start to come down, but maybe not to the levels they were before the conflict in Ukraine.
  • In anticipation of higher unit rates than have been enjoyed in recent years and to help ensure that the allowance is sufficient to cover the cost of energy that you use in 2023-2024 we have increased the energy budget from £6.50 to £11.00 per housemate per week (from £338.00 to £572.00 per housemate based on a 52-week tenancy or pro-rata thereof).
  • It should be noted that the actual amount of bills in 2023-2024 will depend on the prevailing unit rates for electricity and gas and the actual kWh used during the term of the tenancy i.e. will depend on how cold / long the winter is and how long the central heating is programmed to come on etc..
  • And of course, if unit rates were to drop significantly and the total cost of energy used during your tenancy for 2023-2024 is less than £11.00 per housemate per week then the amount under will be reimbursed along with your deposit at the end of the tenancy.

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It should be noted that the actual amount of bills will depend on the prevailing unit cost of electricity and gas and the actual kWh used by the Tenant during the Term of the Tenancy i.e. how long the central heating is programmed to come on etc.. Any unused portion of the allowance for electricity and gas will be refunded. Meter readings will be taken at the start of the Tenancy, regularly during the Tenancy and then final readings will be taken at the end of the Tenancy. To keep track of the budget, the Landlord will provide the Tenant with a copy of the interim bills showing the cost of electricity and gas used at the Property. At the end of the Tenancy, it is agreed that if the total cost of the gas and electricity used during the Term of the Tenancy is less than £11 per Tenant per week then the amount under is reimbursed to the Tenant (by the Landlord). It is also agreed that if the total cost of the gas and electricity used during the Term of the Tenancy is more than £11 per Tenant per week then the extra over amount is to be paid to the Landlord (by the Tenant).

This budgeted allowance scheme is very effective because the Tenant is in full control of electricity and gas usage. It also means that the Tenant only pays for the kWh actually used and encourages responsibility towards the environment by reducing carbon emissions.

Broadband Internet, Subscription TV and Phone Services (‘the Media Services’): the collective Rent for all of the Tenants at the Property includes an allowance of £9.00 per week for the Property (£468.00 for the Property based on a 52-week Tenancy or pro-rata thereof) to budget for the cost of the Media Services used by the Tenant during the Term of the Tenancy. However, the Tenant must choose what Media Services are required, contact the service provider directly and open an account in the name of one of the Tenants. The Landlord will make a one-off payment or set up a standing order to credit the full amount of the Media Services allowance to the bank account of the Tenant who pays for the Media Services.

VIRGIN MEDIA : EXAMPLE OF CURRENT PACKAGES FOR 2022-2023

Virgin Media offers the fastest internet download speed in Loughborough [up to 500Mbps].

  • Your media services allowance equates to £39 per month; anything extra over is your responsibility.
  • Download speeds:
    • 500Mpbs for superfast downloads and super-connected homes
    • 350Mpbs for HD streaming, gaming, and using smart devices, all at the same time
    • 200Mbps for busy households with 10+ devices
    • 100Mpbs for busy households with 5-9 devices
  • Virgin TV Stream Box: Pick and mix your entertainment every month and only pay for the stuff you love. Just plug the Stream box into your TV to access favourites like Sky Sports, Sky Cinema, and Netflix (if you subscribe), as well as all the TV channels and Apps you cannot live without.
  • Virgin TV 360 Box: 100+ channels with Entertainment, Drama, Docs, and selected Sky Channels. Pause, rewind and record on your Virgin TV 360 Box. Includes essential free-to-air channels, players, Apps, and watch Netflix (if you subscribe).

VM 12-month contract for Internet with Virgin TV Stream Box:

  • 500Mpbs download speed = £42 per month for a 12-month contract
    • Total contract inc. £35 setup fee = £539
  • 350Mpbs download speed = £37 per month for a 12-month contract
    • Total contract inc. £35 setup fee = £479
  • 200Mpbs download speed = £32 per month for a 12-month contract
    • Total contract inc. £35 setup fee = £419
  • 100Mpbs download speed = £27 per month for a 12-month contract
    • Total contract inc. £35 setup fee = £359

VM 12-month contract for Internet with Virgin TV 360 Box [instead of Virgin TV Stream Box]:

  • Add to the above £5.99 per month / £71.88 for a 12-month contract
  • Minimum required download speed is 200Mbs

VM monthly contract for Internet only:

  • No setup fee, contract minimum length is 30 days, and then 30 days’ notice to cancel
  • 500Mpbs download speed = £49 per month
  • 350Mpbs download speed = £44 per month
  • 200Mpbs download speed = £39 per month

To discuss packages / signing-up with Virgin Media for 2022-2023:

  • The Loughborough-based Virgin Media contact is Jason Brookes, who can advise on contracts etc..
  • Contact Jason Brookes on his mobile 07966 485198 or email [email protected]
  • FREE UPGRADE: For O2 mobile subscribers only, put the VM Internet account in your name and get bumped-up to the next download speed for the same price; plus get data boost on your SIM contract! This offer is only available through Jason Brookes.

Council Tax: the Rent does not include an allowance for the payment of Council Tax; however, full-time students, as defined by the Council Tax Regulations, are exempt from paying Council Tax.

Insurance for buildings and contents (owned by the landlord): is the responsibility of the Landlord and there is no charge passed on to the Tenant.

Insurance for personal possessions owned by the Tenant: the Tenant is responsible for insuring their own personal possessions.

Endsleigh Insurance is a specialist provider of student contents insurance: www.endsleigh.co.uk

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