This recession has had some effects on our business that I would just never have thought of. Buy-to-let mortgage specialist Paragon Mortgages are now reporting that there has been a huge leap in the number of mature students seeking rental accommodation.<\/p>\n
Many people, as we all know have lost their jobs through no fault of their own when companies have been forced to downsize. Apparently a lot of them are using this opportunity to return to full time schooling and re train.<\/p>\n
John Heron, managing director of Paragon Mortgages, said: “If individuals have been made redundant or are struggling to get a job they may see higher education as an attractive option.\u201d<\/p>\n
This is potentially very good news for the buy- to- let industry who has traditionally relied heavily on students to populate their properties. It can be a very desirable market to let to as the property often has higher yields because it it is let on a per room basis. Even better is the fact that Paragon claim students have lower void periods.<\/p>\n
The fact that mature students are also more likely to run a car and therefore be prepared to travel further to get to university could also see the usual boundaries of student letting being extended outwards.<\/p>\n
All the advantages of letting to students but with the added bonus of a higher maturity level, it sounds like any landlord\u2019s dream tenant.<\/p>\n","protected":false},"excerpt":{"rendered":"
This recession has had some effects on our business that I would just never have thought of. Buy-to-let mortgage specialist Paragon Mortgages are now reporting that there has been a huge leap in the number of mature students seeking rental … Continue reading