Rising numbers of international students drive surge in guarantor service to secure rentals.

Posted by Hannah Thomas on

An article by Housing Hand.

 

 

Recent data* shows that the number of international students studying in the UK has rose by 3% in 2016–17 year on year, whilst rents in the student market have continued to rise, with tenants paying on average £81 more a month than a year ago. The average monthly rent in London for all types of tenants is now sitting at £1569 per month and £759 on average across the UK. (Source: *HESA, January 2018 and **Homelet March 2018).

Figures from Housing Hand show that there has been a 27% year on year rise in the number of students applying for a UK guarantor service. This is as