What is a rent guarantor?
If you’re renting for the first time, your landlord might consider you as more risky than other tenants.
As a result, they might require you to ask someone (typically a relative) to act as ‘guarantor’ – to provide a guarantee the rent will be paid.
This means if you fail to pay the rent, the landlord can legally call on your guarantor to pay up any rent arrears.
If you are unable to provide a rent guarantor, you may be asked to pay up to twelve months of rent in advance.
How Can We Help You?!
We can be your guarantor for a fixed fee, starting at just £300 (per 12 month contract) we will act as your guarantor and cover the landlord for any rent arrears, should the landlord need to claim.
How Does it Work?
You will need to meet the below criteria to be eligible to apply for our Rent Guarantor service:
- Proof of an income of over 1.5x your share of the monthly rent
- Photo ID
- National Insurance Number
- Last 3 months payslip
- Proof of credit check and tenant reference check (we can provide this check at a £30 cost per reference check)