70 per cent of landlords wouldn't let to student tena...

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15 December 2017

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70 per cent of landlords wouldn't let to student tenants - survey

Research by a student lettings software company suggests that 70 per cent of landlords say they would prefer not to let their investment property to student tenants.

The chief reason is suspicion that the students would cause more damage than other professional tenants.

The research, of 2,000 adults, shows that more than three-fifths of university students in the UK say securing a rental property tops the list as the most stressful part of their higher education experience.

Around two thirds cited poor communication from landlords and letting agents as a major issue, as with the poor condition of much property offered to them.

“It’s interesting to see many landlords refusing to let their properties to students, perceiving them as bad tenants. This couldn’t be further from the truth – with parents acting as guarantors, there’s a very low risk of students not being able to pay rent on time or provide compensation for damages” claims Leon Ifayemi, chief executive of the software firm SPCE.

“Today’s research provides valuable insight into a key section of the property market. Evidently, students and landlords are dissatisfied by the current state of student lettings, underpinned by a lack of trust and communication between both sides.”