A large number of the UK's students are electing to stay at home rather than move into university accommodation, it has emerged.

Research by Lloyds TSB has found that this choice is often based on financial considerations, with 31 per cent of respondents to the bank's survey saying that university would be too expensive if they did not live at home.

However, there are also many students who are simply too attached to home comforts to leave, with 41 per cent admitting that they would not move out even if they could afford it.

Caroline Brady of Lloyds TSB student banking said that the trend for staying at home was understandable given that students face "higher levels of debt than ever before" - 26 per cent of the survey's participants revealed that they were worried about managing their finances while at university.

Whether living with parents or leaving the family home, Ms Brady advised new students to practise "savvy budgeting skills" and "plan ahead" in order to maximise funds.

Recent research by Yorkshire Bank reported that homebuyers looking to upgrade from a small property to a family house will often pay up to £80,000 for one extra bedroom.

Self storage can help householders who are short of space.


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