Student Property Lets

Student property lets can potentially offer a very good investment return.  University towns and cities are seeing lower property prices and rising rental yields.  As with any investment property you must research your market, close proximity to the university campus and easy access to the town centre are normally essential requirements.

Students tend to be less fussy than professional tenants, older houses with plenty of rooms (where there are currently two reception rooms one can be converted to an additional bedroom).  Kitchens and bathrooms should be clean and modern, flooring must be hard wearing, kitchen appliances need to be robust and the decoration and any furnishings provided easy to maintain.

Depending on the number of tenants – the property may also need a HMO (house in multiple occupation) licence – you should consult the local council for confirmation on HMO requirements before you consider purchasing a property.

Professional mortgage advice must be taken when purchasing or re-mortgaging a property for the purposes of a student let.  Only a few mortgage lenders will consider this type of letting and each lender has their own specific criteria as to the types of tenancy agreements they will accept, the maximum number of tenants and HMO regulations.