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Student accommodation continues to set pace for landlords

Student accommodation continues to set pace for landlords

04 Feb 2014

The buy to let sector continues to do well for landlords - but student accommodation is setting the benchmark for letting performance.

Despite monthly rents increasing by 2% during 2013, the average buy-to-let yield for a UK landlord sits at 6.1% gross, down 0.1% on 2012. But student accommodation thrashes this figure with sustainable and assured yields of 7 to 9% - net.

Peter McDermott, Director of UK-based Go Global Investments, said: "These latest figures from Countrywide Residential Lettings show that despite 'Generation Rent', where the number of people renting from a landlord has doubled to 8.5 million in 15 years, gross rental yields are sticking around the 6% mark.

Complaints Procedure

As a member of the Association of Residential Lettings Agents (ARLA) and The Property Ombudsman for Residential Letting Agents we aim to provide the highest standard of service to all our landlords and tenants in line with the ARLA Code of Practice.

As a member of the Association of Residential Lettings Agents (ARLA) and The Property Ombudsman for Residential Letting Agents we aim to provide the highest standard of service to all our landlords and tenants in line The Property Ombudsman code of Practice.

 

All branch staff will deal with normal day to day problems on a one to one basis and will endeavour to resolve any issues as promptly as possible. 

 

However, if you wish to make a formal complaint the following procedure will be undertaken:

  • Please make your complaint in writing to the branch manager of the relevant office. 

  • All written complaints will be acknowledged in writing within three working days of receipt and a proper investigation will be promptly undertaken by the branch manager unless the branch manager is directly involved in the complaint, in which case it will be passed on to another senior member of staff who is not directly involved. 

  • A formal written outcome of the investigation will be sent to you within 15 working days.    

  • If you remain dissatisfied please refer your complaint in writing to the Group Managing Director, Andrew Greenwood, at the following address:  10 Lime Tree Mews, 2 Lime Walk, Headington, Oxford, OX3 7DZ.

  • This should provide the opportunity for a speedy, separate and detached review of the complaint.

  • A second review of the complaint will be sent to you within 15 working days.

  • Following the conclusion of our investigation a written statement expressing our final view and any offer made will be sent.  Following receipt of this letter if you wish to refer the matter onwards to The Property Ombudsman please contact them directly at the following address:   The Property Ombudsman, Beckett House, 4 Bridge Street, Salisbury, Wiltshire, SP1 2LX. 

  • Any such referral must be made within 6 months of our final view.

For Deposit Disputes, tenants and landlords have access to the following adjudication service:

The Dispute Service Ltd
P O Box 1255
Hemel Hempstead
Herts HP1 9GN

For all other disputes:

The Association of Residential Letting Agents
Maple House, 53-55 Woodside Road,
Amersham, Bucks
HP6 6AA

ARLA will arrange for complaints to be assessed by an external Independent Case Examiner in line with the criteria and procedures set out in ARLA's published complaints procedure.

Portus House, Headington "As ever, we are just so happy to have our two flats in the excellent care of Scott Fraser – you do an excellent job.  It is nearly 7 years since we first met Lucy Taylor and instructed you, and we have not regretted it for a moment.  If she should be passing at any time please give her our regards."
Mr J N (South Africa - Landlord)