Is the student rental market in the UK declining?

The number of students in the UK is increasing, and the demand for student accommodation is outpacing supply. This has led to rising rents for student properties.

However, there are some factors that could put downward pressure on the student rental market in the future. These include:

• The cost of living in the UK is rising, which could make it more difficult for students to afford rent.
• The government could introduce new regulations that make it more difficult for landlords to rent to students.
• The number of students studying in the UK could decline, which would reduce demand for student accommodation.

Overall, the student rental market in the UK is still a good investment for landlords. However, it is important to be aware of the potential risks and to manage your properties effectively.

Here are some additional factors that could affect the student rental market in the UK in the future:

• The impact of Brexit on the UK economy.
• The development of new student accommodation schemes, such as purpose-built student accommodation (PBSA).
• The changing needs of students, such as the increasing demand for co-living spaces.

It is important to stay up-to-date on these factors so that you can make informed decisions about your investment in student property.

Written by First 4 Lettings

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PERMITTED PAYMENTS

As well as paying the rent, you may also be required to make the following permitted payments:

1) Holding Deposit: Up to one week’s rental

2) Deposit: One month’s rental (5 weeks rental dependent on individual’s circumstances)

3) Payments for utilities (gas, electricity & water), communication services (telephone & broadband), Installation/Subscription of cable/satellite, TV licence and council tax

4) Default Fee (late payment of rent): If full Rent is not paid within 14 days or more of the Rent Due Date there will be a charge 3% plus the Bank of England base interest rate of the full rental amount until full payment is received

5) Default Fee (breach of tenancy agreement, any other permitted payments, under relevant legislation including contractual damages): For any breach of the tenancy agreement based on the reasonably incurred costs of the agent or landlord

6) Replacement of keys, fobs or other security devices

7) Default Fee (changes to the tenancy): An administrative charge of £50.00 or greater for any assignment, variation or novation of the tenancy agreement made at the tenant’s request (only if agreed by The Landlord and/or The Landlord’s Agent)

8) Payments in respect of early termination of a tenancy agreement at the tenant’s request


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