Student lets

Student lets are a specific sector of the buy to let market which increasing numbers of investors are finding attractive. Although a number of landlords have been involved in the student letting sector for a number of years (very successfully too in the most part), many traditonal buy to let investors have been eying the potential returns of multi-lets such as these with envy. The increase in student numbers have produced greater demand for off campus student accomodation.

Although longer term these numbers may decrease slightly there will always be a demand for good quality shared accomodation. It is important to understand the needs of this market and competent landlords with good quality property at a sensible rental will continue to reap dividends. Added to this is the growing amount of overseas students especially from rapidly growing economies anxious to ensure that they have access to the quality of education offered in the UK.

Most landlords will not have to worry - just make sure that your property is is in a popular area and well looked after and you will be one of the more popular lets for the local college or university. In fact a number of investors are now looking at the opportunities in Scotland for buy to let. Due to the difference in tuition fees there has been a growing number of investors buying student let property in Scotland. However buying and letting in Scotland involves a different system and it is important to understand the process. Click here for info on purchasing in Scotland.

Student lets make good sense for many investors as the tenancy will normally be for the whole academic year (some for a 12 month period), the returns are noticeably higher than a single family letting and generally there is a parental guarantee. It is easier to plan in advance financially as the tenancy is usually set up well in advance of the commencement of the academic year. You may also have the opportunity to let the property in the summer on holiday lets or to foreign students on short term language courses.

Another important issue is the mortgage lender chosen. Although there is a good choice of buy to let lenders not so many are happy with student lets . Some will stipulate a maximum of 3 or 4 individuals on a tenancy agreement or reduce the loan to value. With access to the whole market F1 Finance can help you make sure you get the right deal

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