Newman Property Services say now is a good time to buy to let

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MORE than 100 students at the University of Warwick have still not found accommodation in time for new term.

The students’ union said accommodation on campus was so oversubscribed some students had delayed coming for a year.

Welfare officer Leo Boe said some had been told they might have to temporarily live in hotel rooms.

University spokesman Peter Dunn said it was always hard to estimate how many students would need accommodation.

Mr Boe said any students who did not find accommodation by October 1 could move into hotel rooms until the end of the month at a cost of £100 a week - the price of rent in halls.

He added: “I’ve had parents ringing me up asking me how they get more money for their child.”

Mr Dunn said students were also being helped by being given free accommodation at the university so they could meet other people and search for house shares together.

Mr Dunn added it had been difficult because more undergraduates had been given places than expected.

He said: “Time and time again the kids out there simply excel and get better grades than even we would expect and we have more people coming here.”

Brendan Petticrew, (pictured) Director of Newman Estate Agents, which has a branch in Rugby, said: “Now could well be the ideal time to enter the buy to let market. There are clear signs that supply and demand is tipping and there is a shortage of houses to let for Warwick University.

“Higher letting yields are likely given the shortage of available homes.”

He said Newman property services have numerous properties within the Leamington and Coventry area, ideal for student letting – ready for budding landlords.

Mr Petticrew added: “Alternatively, we also require homes in these areas urgently – so if you are a current owner of a student property or similar, we would be more than happy to help.”