Student landlords face turmoil for several years predicts guarantor firm

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Students face two years of challenging housing supply as rental stock dwindles while demand remains high.

According to rental guarantor service Housing Hand, with rent reforms now not due until after the current period of student admissions is complete, the impact will be felt in full next year when the supply challenge is set to be even more acute.

It reports that students in particularly oversubscribed locations are already having to adjust their expectations by accepting less space than they would like or paying for larger properties than they need, due to the lack of choice.

Some students would also face longer journey times to campus after being forced to revise their expectations about property location.

6% more students

Research by Save the Student shows that 46% of students already rent from private landlords during term time rather than in halls or with family – an increase of 6% on last year.

This extensive demand means that both students and working professionals will be hard-pressed to secure accommodation over the coming weeks.

“The influx of students into the private rented sector is always a challenge in terms of meeting demand and this year will be even more so, given the lower number of landlords in the market,” says James Maguire, head of sales and business development (pictured).

“That’s why students will need to be flexible in terms of their expectations.”

Housing Hand has seen a 50% increase in applications for rental guarantors over the past six months and says many students are using the firm’s partnership with Canopy, which delivers rapid referencing services, so that they’re ready to move fast if they find the perfect property.

View Full Article: Student landlords face turmoil for several years predicts guarantor firm

FREE webinar: Will it become more difficult to evict tenants next year?

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Many landlords will not have clocked the huge changes coming down the line within the Government’s Renters (Reform) Bill due to become law next year – but help is at hand.

Evictions expert Paul Shamplina and legal senior Paul Sowerbutts (main picture) are to host a free live webinar on the 30^th August 2023 which will explain the changes and what they mean for landlords, jointly hosted by LandlordZONE and Landlord Action.

It is important to underline how serious the proposed changes to eviction law will mean for landlords wishing to gain possession of their properties, whatever the reason.

No fault

At the moment, landlords have the option to use a ‘no fault’ route or Section 21 notice as it is better known, which enables them to evict a tenant even if there is ‘no fault’ on the tenant’s part.

But this element of eviction law is going to be abolished and although the Government has promised to make it easier to evict badly behaved tenants and those in serious arrears via the courts, many believe once the bill becomes law, overall it will become more expensive and take more time to remove tenants from properties.

Shamplina says: “In this exclusive webinar, in partnership with Total Landlord, we’ll be discussing the latest and greatest news on evictions, tackling topics of concern surrounding Section 21 being abolished, changes to the court system, current Government policy on the private rented sector and the freeze on bailiffs activity that has been widely reported including by LandlordZONE.”

Readers can sign up to watch the webinar for free via this registration form.

Read more about the Renters (Reform) Bill.

View Full Article: FREE webinar: Will it become more difficult to evict tenants next year?

Lodger or tenant?

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Hello, my situation is a bit complex and I hope I will get some answers here.  I was leaving alone in my 4 bedroom house and took on some lodgers to live with me.

In 2020 I got a job in another country and spent time going back and forth to my house in London.

View Full Article: Lodger or tenant?

UK’s rental market shrinks by 400,000 homes in just seven years

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The UK’s private rented sector (PRS) has seen a significant decline in the number of homes to rent since 2016, one leading real estate advising firm reveals.

According to CBRE, it estimates that 400,000 rental properties have been sold in the past seven years

View Full Article: UK’s rental market shrinks by 400,000 homes in just seven years