Cancellation Policy

The Bank

Cooling Off Period

This property allows you to cancel your booking within 7 days of making your deposit payment. Applying for cancellation within this cooling-off period means you will get your full deposit refund and will be released from the contract.

No Visa, No pay

Your booking can be cancelled for free if you are unable to get your travel Visa.

No Place, No Pay

Your booking can be cancelled for free if you are unable to meet academic requirements of your university of choice.

Course Cancellations Covered

Your booking can be cancelled for free if your course is cancelled.

Flexible start date

If your course start date is delayed, you will only pay from the date teaching begins.

Travel Restrictions Covered

If you are unable to travel to the UK due to government travel restrictions, you can move your tenancy start date until the restrictions are lifted.

Full Policy

Cancelation Policy

2.1. Either party may terminate this Booking (and the Tenancy Agreement, if completed)  by sending an email to the other party at any time during the 7 days after the date of this  Booking (the “7 Day Cooling-Off Period”) unless the Move-In Date has occurred before  then. If the Booking is cancelled during this period the Landlord will not charge the  Tenant any sums due under the Tenancy Agreement and the Deposit or advance of the  Total Rent paid to the Landlord will be returned to the Tenant. 

2.1.1. If the Booking is cancelled after the 7 Day Cooling-Off Period and advance of the  Total Rent is not paid, then the Tenant will not be entitled to the Deposit refund.  

2.2. If the Tenant is a prospective first year undergraduate student or a postgraduate  student and the Tenant’s offer of a place at the University is withdrawn for one of the  following reasons: 

2.2.1. by the University as a result of the Tenant not having achieved the required entry  grades; or 

2.2.2. if the Tenant chooses to go to a different University as a result of having exceeded  the Tenant’s expected grades; or 

2.2.3. the Tenant’s place at the University is withdrawn as a result of the Tenant’s student  visa being denied; the Tenant may be eligible to be released from this Booking (and the  Tenancy Agreement, if completed) provided the Tenant supplies the Landlord with the  following evidence: 

in respect of clause 2.2.1, a copy of the written rejection letter from the University or a  screen shot of the Tenant’s UCAS which confirms that the required results were not achieved for the University; or
in respect of clause 2.2.2, a copy of the proof of acceptance of your new University by  UCAS adjustment; or 
in respect of clause 2.2.3, a copy of written rejection letter from the University which  confirms that the Tenant does not have the relevant Visa and a copy of the relevant Visa  rejection correspondence. 

2.2.4. The Tenant must send the documents to the Landlord via email within 7 days from  the date the Tenant’s results are published or within 7 days from the date the relevant  Visa rejection correspondence is received. The Landlord will verify the documents and the  Tenant will be obliged to supply any additional information requested by the Landlord.  Provided that the Landlord is satisfied with the documents provided, this Booking (and  the Tenancy Agreement, if completed) will be cancelled and the Deposit or advance of  the Total Rent paid to the Landlord will be refunded to the Tenant. 

2.3. To the extent provided by law, the Landlord shall not be liable to pay damages to the  Tenant if the Landlord cannot give possession of the Unit to the Tenant on the Move-In  Date for reasons beyond the Landlord’s reasonable control and in such case the Tenant  shall not be liable to pay any part of the Total Rent or perform any of the other Tenant’s  obligations prior to the date on which possession of the Unit can be given. The Tenant  may terminate this Booking (and the Tenancy Agreement, if completed) if the Landlord is  unable to give possession of the Unit to the Tenant within 90 days of the Move-In Date  and the Deposit or advance of the Total Rent paid to the Landlord will be refunded to the  Tenant. 

2.4. Following cancellation of this Booking (and the Tenancy Agreement, if completed) in  accordance with this clause the Landlord will be entitled to re-market the Unit  immediately to other prospective tenants. 

3. COVID-19 Cancellation Policy 

3.1. In addition to any cancellation rights listed in clause 2 of this Booking, the Tenant may  cancel this Booking or modify terms of the Booking (and the Tenancy, if completed): 

3.1.1. if the Tenant lives in a country that has government-imposed travel restrictions in  place by either the home country or the United Kingdom and/or local government that  prevent the Tenant from traveling or arriving to the Property to taking possession of the  Unit. If the restrictions are for an indeterminate amount of time, the Tenant may cancel  the Booking (and the Tenancy, if completed). If the restrictions have a published ending  date, the Tenant may post-pone the Move-In Date up to the published ending date. 

In respect of clause 3.1.1, the Tenant must provide written notice to the Landlord of their  desire to cancel or modify the Move-In Date no later than 7 days prior to the Move-In Date  and must show evidence of the government-imposed restrictions. 

3.1.2. if the Tenant’s University and programme of study delays full-time or part-time face to-face teaching programmes, the Tenant may postpone the Move-In Date until face-to face teaching commences, either full-time or part-time. This clause applies only if no face to-face teaching occurs. 
In respect of clause 3.1.2, the Tenant must provide written notice to the Landlord of their  desire to modify the Move-In Date no later than 7 days prior to the Move-In Date and must show evidence of lack of face-to-face teaching for their specific courses of study for  the term in question. 

3.1.3. if the Tenant’s University cancels the study programme and course, the Tenant may  cancel the Booking (and the Tenancy, if completed). 

In respect of clause 3.1.3, the Tenant must provide written notice to the Landlord of their  desire to cancel the Booking (and the Tenancy, if completed) no later than 7 days prior to  the Move-In Date and must show evidence of the cancellation of the study programme  and course on official correspondence to the Tenant from the University. 

3.2. All aspects of this COVID-19 Cancellation Policy apply only until the Tenancy is granted  at Move-In. After this occurs, the Tenancy governs any rights to termination from both  parties. 

3.3. If the Booking is cancelled during this period for any reason listed in clause 3, the  Landlord will not charge the Tenant any sums due under the Tenancy Agreement and the  Deposit or advance of the Total Rent paid to the Landlord will be returned to the Tenant. If  the Tenancy’s Move-In Date is postponed or otherwise adjusted, any portion of the Total  Rent will not be charged for the pro-rata share of days it is postponed, and any amounts  paid by the Tenant will be credited to the Tenant’s account.
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