How much rent to charge 18 year old?

the living at home student loan assumes you are paying your parents a contribution for food and utilities but that it is below market rent
typically the cheapest university halls for self catering are about 5500 for the academic year the living at home loan is about £1700 less so the assumption is that living at home costs around £3000 not £5500 as you could also assume transport costs are greater for someone living at home rather than a 5 minute walk away on campus

I suppose it’s very much situation dependent, it will make no difference to me financially.
thinking financially it would probably mean I’m better off anyway. As it stands I receive 140 child benefit per month per dc and I save that(for uni etc) So just thinking in terms of my eldest.
If she goes to uni but lives at home-child benefits stop (but that’s ok as I don’t use it to spend) she will get a part time job(most probably). So I assume she wouldn’t need to be asking me for money for things. Any money I need to use for uni fees etc will coming from the child benefit money I saved. I will pay her phone.
If she stays home and works- well she won’t be asking me for money, I will talk to her about saving (which she already does at age 13!) and work out a plan.
If she goes away to uni- very much the same as scenario 1 unless she decides to go to uni in another country where she requires flights to come home (then I will pay those when needed)
but basically it will not cost me any extra once she turns 18. I don’t depend on the child benefit money to live. (And yes I know that’s privileged) but my bills will not change either. And the fact that she has a part time job will actually mean I’m giving her less money. So I would probably have more 😅

Sorry was responding to previous posters sentiment

That's ....life?
Your parents didnt ask to be born either

This is the third comment like this ive read. What on earth?!

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I suppose the thing i can't get my head around is how many (or maybe its an mn phenomenon) young people are choosing to live with their parents.
I do wonder if we are also entering a time where parents will not just move to a school catchment area but move to a uni town so their adult children can attend more frugally. Madness.

My 18 yr old is on a gap year and I'm charging her the amount my council tax went up by, when I lost the single person discount once she left school. I think that's reasonable, as I'm a single parent on a relatively low wage.

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Oh wow. I knew you could get something under 100k in other areas but an eye opener. Well done your son

Just to add, he's very much like his dad (ex) and has to have everything immediately, doesn't listen to me at all 🤣

I don't own a house. Probably never will.

We live in the North, 3 bed house under 100k, he's got a mortgage sorted on his apprenticeship salary with a 10% deposit, but yes it will rise after summer when he's qualified.

What she's saving isn't sufficient if she's not paying rent.

How much rent you charge her deposits ends on how much you can afford and how much you think she should be responsible for herself.

If she doesn't pay rent she needs to save more regardless of what she eventually does with it (be it travel or save for deposit on a house or something else).

Helpful thank you. I understand more now the point of view of getting on the property ladder straight away..
I think theres still advantages and disadvantages to either way of doing it or in fact of never owning. Waiting with a bigger deposit, you could have a lower interest rate, more earning power to overpay, buy something you are more likely to stay in, not have to move as much. But of course you're not paying landlords for no return. But possibly paying more to the banks and in moving costs, stamp duty etc. Shared ownership too, home owner on paper I guess but seems to be more expensive overall and potentially difficult to sell.
Still buying a property isnt the be all and end all and isnt what everyone wants. And I still wont be convinced that adults especially those who are earning shouldn't be contributing at the expense of saving. Its life. Maybe a few months to get back on their feet but more than that I disagree. And mobile phones, they can pay them from 18 latest. It doesnt have to be that expensive. Finding deals, budgeting, prioritising and compromising are all useful lessons. Personally I think living with others who you may not like and dealing with landlords are too.

You don't need a deposit.

I had a 95% mortgage at 21. Kkit cost no more than my previous rent.

Ah that's interesting thank you. I didnt know 100% mortgages were a thing again and dont really understand how they work.

@anospayfgoIt was a long time ago now, but we bought our first flat when I was 20, without any help from parents or any savings. I was a clerical officer and my husband was a junior surveyor. We got a 100% mortgage, which I understand some lenders are giving again, and we struggled for a couple of years until we got promoted and our salaries increased. It can be done, although with difficulty.

Im so puzzled by this. How. Buying a house at 18. Presumably maybe salary has gone up since starting the apprenticeship but by enough to save and get a mortgage lender to lend enough?

£100.

put it into a savings account and give it to her when she leaves home. She'll be made up.

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Then it's a different world to mine. .

We are all comfortable yes.

How do they all manage both at the same time Must have heaps of money to do that

But it’s not a sustainable model with lots of people living on benefits to pay their landlords in old age. Paid for by the younger generation of course.

I paid off mortgage at 48 actually.

And downsize it to what? It's a 2 bed flat