Most landlords require tenants to have a UK guarantor.
What is a guarantor?
A guarantor is someone who agrees to pay your rent if you are not able to. A guarantor may also be liable for other costs such as damages to the property if you don’t pay.
Who can act as my guarantor?
Many students ask a parent or family member to act as their guarantor, but your guarantor can be any person who meets the criteria of the landlord/agent.
Most landlords and agents will ask that your guarantor is an adult who lives and works in the UK. They may also need to be a home owner and give permission for a credit check.
Guarantor liability
If you are renting a property with other students then you may be asked to sign the same tenancy agreement.
This is a ‘joint contract’ – you and your housemates are equally responsible for payment of rent and damages. A guarantor on a joint contract could be asked to pay all of the rent, not just your share. Your guarantor may want to seek professional advice before signing their section of the agreement.
We suggest asking your landlord or agent if your guarantor’s liability can be limited to just your rent, or request an individual tenancy agreement.
What if I don’t have a guarantor?
There can be various reasons why you would be unable to find a suitable guarantor. Your family might not be willing or able, you no longer have a relationship with your parents, or are an international student with no-one who is a UK resident who could act as a guarantor.
If you are unable to provide a UK guarantor then you might be asked to pay rent in advance – the amount requested can vary but you may be asked to pay rent for the whole contract. Try to negotiate and ask to split the payments into 3 or 4 instalments.
Some private companies will act as your guarantor in return for a fee. Research the company, look at reviews and make sure you read all the terms and conditions before signing up.