Do you need a UK guarantor to rent?
Do you need a UK guarantor to rent?
If you’re renting in London, you’ll need to go through credit checks and referencing as part of the rental application process. If you’re new to renting or you can’t provide a reference from a previous landlord, you might be asked to provide a guarantor.
Can I use a guarantor for renting?
You might need a ‘guarantor’ so you can rent a place to live. A guarantor is someone who agrees to pay your rent if you don’t pay it, for example a parent or close relative. If you don’t pay your landlord what you owe them, they can ask your guarantor to pay instead.
Can a landlord refuse a guarantor?
If you’re dealing with a letting agent, you’ll find that most of them will require their tenants to have a guarantor, but ultimately it is down to the Landlords discretion. If a landlord wants to take on tenants that doesn’t have a guarantor on standby, they can do so at their own risk.
Can landlords ask for a guarantor?
However, a landlord has the right to request a rent guarantor whenever they think there is a risk their new tenant might not pay their rent as and when they should.
Do all rentals require a guarantor?
Can you private rent without a guarantor?
Most landlords and letting agents require tenants to have a Guarantor in order to qualify as a suitable tenant. Some tenants – for one reason or another – can’t arrange a Guarantor. The reality is, a guarantor is a prerequisite for every sensible landlord, and rightly so.
What to do if I dont have a UK based guarantor?
As an alternative, you could offer references from previous landlords, your bank, an employer or sponsor. Housing Hand are an organisation who may be able to provide you with a UK based guarantor. If you cannot provide a UK guarantor, you may be asked to pay a large deposit, or several months’ rent in advance.
How do you use a guarantor to rent a house?
Using a guarantor. You might need a ‘guarantor’ so you can rent a place to live. A guarantor is someone who agrees to pay your rent if you don’t pay it, for example a parent or close relative.
What is the UK guarantor service?
The proven, trustworthy way to have a greater choice of UK renting options and to make renting easier by providing a UK guarantor to everyone who doesn’t have one. Whether you’re a student or a professional, you can use our guarantor service so you don’t have to pay rent up-front when moving into a rental property.
What is a guarantor for rent arrears?
If you’re new to renting or you can’t provide a reference from a previous landlord, you might be asked to provide a guarantor. This is usually a parent or guardian who agrees to pay any rent arrears on your behalf if you fall behind with payments or are unable to meet your obligations as a tenant.
Can a guarantor get in trouble for not paying rent?
Using a guarantor. You might need a ‘guarantor’ so you can rent a place to live. A guarantor is someone who agrees to pay your rent if you don’t pay it, for example a parent or close relative. Your landlord can take legal action to get any unpaid rent from your guarantor.
