Both landlords and tenants are at risk from lettings agents and estate agents who disappear with rent and deposit money. A kitemark-style scheme has been launched to reassure tenants and landlords worried about losing money handed over.
The scheme is backed by organisations including housing charity Shelter, the NUS, the Trading Standards Institute, the Residential Landlords Association and the British Property Federation.
In practice landlords are more at risk from rogue agents than tenants – tenants need to ensure their money goes to the genuine owner of the property that they are going to live in, Landlords need to ensure that the business handling their money is protecting it in a client account rather than using it to fund their own activities.
Research from home insurer LV= predicts that parts of Newcastle upon Tyne, Lincoln and Sheffield could become ghost towns. LV= started in 1843 as Liverpool Victoria, and is the UK largest remaining mutual society. The LV= student towns report shows how student life is set to be transformed over the next decade, as the impact of rising tuition fees forces university students to reassess their finances and living arrangements.
Students will no longer be able to afford to live at University but will choose courses which allow them to remain in the family home while they study. Some cities which rely heavily on their university population to boost their local economy, could become ghost towns as non-local students abandon them for cheaper study closer to home.
Twice as many university students will live at home by 2020
Areas worst hit will be
The number of UK higher education students will fall by 14% over the next decade
Crime and criminal damage will increase in affected areas, as many properties become vacant and derelict