this was common but now with double glazing don't think its necessary, but it saves space by putting it under the window also so you are not taking up part of a wall.
makes no diffence where in the room the rad is if its sized right it will heat the room my front room rad is hugely oversized and below the double glazed window but you still feel the cold of the window when the blinds are up
Even though double glazing pretty much stops the need to warm the draughty window area, I still advise to have rads under windows to free up wall space as mentioned above. Had a few arguments about this in my time but I still stand by it