Student Accommodation Debt Recovery
Student accommodation is one of the fastest growing rental markets in the UK. Many investors are attracted to the returns it can provide, but those returns also come with an element of risk.
This specialist market calls for a specialist approach to debt recovery.
You need an experienced team who understand the unique issues associated with students, who can help you recover your losses without hurting your business – that team is AMS Solicitors.
Today’s students are different
Several factors make the student accommodation market unique within debt recovery. First, a lot of students are living away from home and managing their own finances for the first time.
Second, today’s students are increasingly thinking of themselves as “customers” – with higher expectations of their universities and their accommodation than ever before. And third, they’re technologically savvy – particularly when it comes to social media. As a result, a “bad experience” can go viral overnight.
So you need a firm that understand that using a heavy-handed approach to debt recovery may get your money back in the short-term, but it could do long-term damage to your brand and reputation. That firm is AMS Solicitors.
Understanding the process
You need one of the market leaders in student debt recovery, who already act for some of the UK’s biggest accommodation providers. You need a company that understands the most important things for a student accommodation business are to maintain high occupancy rates, grow rental income, and have exceptional service standards. You want recovery methods are designed to support those aims.
You will also want a company that will work closely with their clients to improve students’ experience and their dealings with the guarantors – typically Mum and Dad. You will be looking for someone whose approach delivers excellent levels of recovery with very low levels of student and university grievance. That company is AMS Solicitors.
We’re active members of the County Court Users Group (CCUA) and the Institute of Credit Management (ICM). This means we’re constantly up-to-date with best practice, and with any changes in legislation. We’re also regulated by the Solicitors Regulatory Authority.