Students in Birmingham could be in for a treat this year, as an insurance company is offering one lucky housemate £10,000 to cover their rent for a whole year.
Endsleigh Insurance Services will be helping one youngster take the steps into adult life with a rent-free year, after revealing that the majority of Brits now feel they don’t officially reach ‘adulthood’ until the grand age of 25.
The research showed that 56 per cent of young adults felt it was impossible to grow up as quickly as they’d like due to the economic climate – with 64 per cent finding it hard to get on the housing ladder or find a job.
Six in 10 adults believed you need to be at a point in life where your finances are in order to start feeling like a grown-up – which includes arranging your own insurance, keeping track of interest rates and having a credit card or savings account.
But 23 per cent of respondents aged 18 and over still haven’t ever paid either a gas or electricity bill, and 17 per cent have never arranged their own buildings or contents insurance.
Julia Alpan, head of marketing at Endsleigh, said: “Adult life can be a challenge for many young people, from organising finances to managing household chores, so it’s no surprise to see how many people feel they aren’t officially an ‘adult’ until the age of 25.
“Whether it’s paying your own utility bills, spending less money on nights out, or taking out your first ever contents insurance policy, taking those steps into adult life can be a daunting experience.
“That’s why we wanted to offer a helping hand, with £10,000 worth of free rent to give one lucky student a head-start on their finances as they move out their family home or say goodbye to their student halls to begin living independently.
“It would be great to see a student from Birmingham bagging the prize!”
To be in with a chance of winning, Birmingham students just need to take Endsleigh’s housemate quiz at endsleigh.co.uk/personal/gadget/housemate-quiz/start before 18 May 2018. *T&Cs apply