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Under the skin of the letting market

Here we share news and views on both the local letting market in & around Oxfordshire and all planned and recent legislation.

Students: Protecting yourself from rental fraud

Protecting yourself from rental fraud

New advice from Action Fraud serves as a reminder to students to be wary of potential fraud when searching for a home.

Seasonal rental fraud is an emerging trend with students looking for suitable accommodation around August, before the start of the new term. Fraudsters will use a variety of websites to advertise available properties to rent, often at attractive rates and convenient locations. The adverts may seem genuine, accompanied by a number of photos and contact information.

Due to demand, students will often agree to pay upfront fees to secure the property quickly, without viewing the property, only to discover that the fraudster posing as the landlord does not have ownership of the property, or often there are already tenants living there.

Protect Yourself

1) Make sure you only use reputable letting companies.

2) Do some online research such as using Google maps to check the property does exist.

3) Make an appointment to view the property in person.

4) Always view the property prior to paying any advance fees.

5) Look out for warning signs, such as landlords requesting a holding deposit due to the property being in high demand.

6) A landlord will usually conduct some due diligence on any successful applicant. Be wary of handing over cash without the landlord requesting employment or character references.

If you, or anyone you know, have been affected by this fraud or any other scam, report it to Action Fraud by calling 0300 123 2040 or visiting