Rogue Landlords Warned Not To Exploit Students
Rogue landlords have been warned that they face legal action if they are found to be exploiting students, one government minister warns.
As new regulations to give tenants more power come into force, rogue landlords are being warned they will face action for renting unfit properties to students in the UK.
Chris Skidmore, the Universities' Minister, said he wants to end the exploitation of students by rogue landlords in the private rental sector who provide poor conditions, including the lack of hot water and heating.
Some surveys have highlighted that around one in five students are living in squalid conditions, reporting vermin, slugs and mice investing their homes.
Now, the regulations will help all tenants and students by giving them the right to take a landlord to court if they fail to address defects in their property, including safety hazards, damp and mould.
Boost standards in student homes
Mr Skidmore says the regulations are a 'milestone' and will help boost standards in student homes because landlords will be held accountable.
He said: "I've heard appalling stories of those living in conditions which are affecting their studies and mental health.
"While many landlords take their responsibilities seriously, rogue landlords have been exploiting vulnerable students for too long by failing to provide basic standards."
He added: "The time is now up for these landlords making a profit from delivering shoddy accommodation and the regulations will make landlords accountable, improve standards and students should use the powers to ensure landlords face justice."
More landlords planning to use limited companies
Meanwhile, it's been revealed that two in three landlords who have at least four properties will use limited company status when buying more BTL homes this year.
The findings by Precise Mortgages found that the proportion of buy to let investors who are looking to incorporate has risen to 64%, from 41% one year ago.
The firm points out that 21% of BTL landlords who have at least four rental properties are applying to buy as an individual.
The study highlights that 44% of landlords who are planning to buy this year will use a limited company but for landlords who own between one and three properties, the number drops to 17%.
The managing director of Precise Mortgages, Alan Cleary, said: "The market for buy to let is changing and this switching to using limited company status is one aspect, underlining the sector's increasing maturity."
He added that there are reasons why limited companies are starting to dominate the buying market and he expects the trend to continue this year.