I need to pick some experienced brains!
My child is starting a tenancy with five friends. She has been contacted by a rep from ‘Bunch Utilities’ who were given their details by the estate agent. They are selling a service to manage student bills. I have done some research and they appear to be a bona fide company.
The idea seems to be that they source the utility companies and then each student pays one single sum monthly to Bunch.
Pros: convenient. Does it help if
a dodgy tenant does a runner?
Cons: hidden charges? The students can’t look for the cheapest deals. Having a ‘middle man’ can be a pain.
I am naturally very very sceptical. Especially as they have said, we have found an amazing deal, sign up asap. Even though the tenancy starts in September 24!
Am I a cynical fool? Should she sign up now?
Any sharing of experience appreciated. My concern in any case is that my responsible daughter will be the one sorting out everything as her friends are nice but useless. And she had to do all the work establishing the tenancy.
Thanks.