Originally published at: Renting to Students: Guarantors, Advance Payments, HMO licence
Each year, a wave of students flocks to UK universities at the beginning of autumn. This might have you thinking: is it worth opening up my property to this demographic? The simple answer is: absolutely. Student rentals have proven to be quite the golden opportunity for landlords, thanks to the steady demand and good rental…
And you need to consider HMO
OpenRent makes it difficult to rent to international tenants, by requiring a UK debit/credit card for the deposit. How will someone have that if they just arrived in the UK? Any bank card should be accepted
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Maybe in their first year, but not the rest of time. A lot of the richer ones can get U.K. debit cards eg HK students use HSBC who will do this, so it acts as a kind of filter
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