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6:40pm Thursday 9th February 2012 in News By Liam Sloan
STUDENTS in Oxford are signing expensive leases almost a year early to secure their homes because of pressure from landlords and letting agents, it was claimed last night.
About 1,500 students at both universities have signed a petition calling on agents to adopt a new ethical code of practice.
It follows accusations that companies rake in thousands of pounds by urging students to sign up for houses as much as 10 months before they move in, and charging hefty holding fees.
Brookes student union adviser Jo Cox said first year students were pressured in October and November to sign up for houses for the following academic year, before they had time to decide who they wanted to live with.
She estimated students were paying up to £775 each towards their following year’s housing by the end of February, when they could pick up cheaper deals if they waited until later in the year. Most have to pay an administration fee, a holding fee, a deposit and at least the first month’s rent up front. Some international students, without UK-based guarantors, are asked for six months rent in advance.
Fine art student Evelyn Jones, 19, signed up for a house for her second year just a month after starting at Brookes.
She said; “Everyone was urged to sign up straight away or lose out. They pretty much pressured us to sign up for a house and we had to pay all the fees up front.
“Now I know I have moved in with the wrong people, and should have waited to find people more suitable.”
Wendy Dant, from the Brookes student advice centre, said: “It really is not fair on the students to make them make big financial decisions when they’re not ready to. No-one else would be asked to sign up for a property 10 months in advance.”
The proposed ethical code of practice would ask letting agents not to pursue students to sign contracts early, and not to advertise properties for the next academic year until February 1.
Chris Shahab, of letting agents Hutton Parker, said: “I know of one letting agent this year who put their list of properties (for the following academic year) out at the beginning of October, when tenants had only moved in in September. Landlords are scared they’re not going to let their properties out.”
He said the company would be happy to sign up to an ethical code of practice, but it needed all firms in the city to agree for it to work.
Comments(10)
Shaun the Faun
says...
7:04pm Thu 9 Feb 12
xjohnx
says...
8:26pm Thu 9 Feb 12
CoggesResident
says...
9:18pm Thu 9 Feb 12
davyboy
says...
9:54pm Thu 9 Feb 12
CoggesResident wrote:totally agree. all students should be housed by the university or college they attend, then rent prices will fall and more houses will be available for regular tenants. agencies do rack up rents and charges for students, knowing they will have to pay or have nowhere to live. deposits should be held by the secure landlord deposit association, so there cannot be any rip-offs.
I think the agents need to take a good long look at themselves, as soon both the Universities in Oxford will be housing more students in halls, the myth of the lack of housing will die out and the agents will be left with property on their hands. Maybe they will deal with other residents more fairly then!
The Shelter campaign has it right, the Government needs to take action agains rogue landlords for all members of society which includes students.
Olivia E
says...
10:01pm Thu 9 Feb 12
Shaun the Faun wrote:It's not common practice in all university towns, there are those out there that don't have this problem because they have great accreditation schemes that weed out the bad agents and landlords. Even if it were true, why be apathetic about it? As Oafie says the locals get a rough ride too, so this is an issue that needs looking at all round.
Common-practice in university towns and cities across the UK and has been for some time. Fact of life. Nothing special about Oxford in this regard.
SNJ
says...
6:34am Fri 10 Feb 12
faatmaan
says...
7:31am Fri 10 Feb 12
SNJ
says...
8:54am Fri 10 Feb 12
GPOWELL
says...
7:39pm Sun 12 Feb 12
davyboy wrote:What will happen is that all the landlords who have rented out their poor quality accomodation to students will be left with empty houses. Rental prices will fall on poor quality houses but demand for good quality houses will remain high as most student houses are not suitable for occupation by families.
CoggesResident wrote:totally agree. all students should be housed by the university or college they attend, then rent prices will fall and more houses will be available for regular tenants. agencies do rack up rents and charges for students, knowing they will have to pay or have nowhere to live. deposits should be held by the secure landlord deposit association, so there cannot be any rip-offs.
I think the agents need to take a good long look at themselves, as soon both the Universities in Oxford will be housing more students in halls, the myth of the lack of housing will die out and the agents will be left with property on their hands. Maybe they will deal with other residents more fairly then!
The Shelter campaign has it right, the Government needs to take action agains rogue landlords for all members of society which includes students.
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oafie says...
7:03pm Thu 9 Feb 12
Many agents totally exploit the situation.......with their publicity stunts by making students lists only available on one day. (NOPS)
Agents apply the same rules to anyone trying to rent in Oxford, we all have to pay the over the top admin charges, renewal fees, lose about a third of a deposit, as well as rents being at levels that even if you work,many have toclaim housing benefit on top and if you fail their credit check or are selfemployed they askfor sixmonths rentup front, and quite cheerily tellyou that if you can't manage it, there are plenty who can.How many of these agents check where the great piles of cash come from that 'foreign students' bring, and they certainly don't care about the numbers who keep lettings on after they have finished and then sublet them.