Who is a Guarantor?


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Simply put, a UK rent guarantor is a UK resident with a good credit history that has agreed to pay your rent if, for any reason, you default on your payment.  If, in the course of your tenancy, any damages occur, the guarantor will also agree to cover the cost and anything else related to the tenancy. Guarantors are legally obliged to do this on the basis of the Guarantor agreement. As an individual with a good reputation, a guarantor is expected to be a homeowner. Getting a UK guarantor can be a major challenge, especially for foreigners, because most guarantors in the UK are either relatives or family friends with the tenant. Most landlords consider a guarantor as an insurance policy, as background checks are carried out on tenants, with the same being done for  guarantors.

Guarantors are requested for by the landlords in a situation where you, as a tenant, do not meet the following specifications: 

  • You Are a New Immigrant: For the purpose of protecting their interests, landlords often mandate new immigrants to get a UK guarantor; a task that can be daunting, as a new immigrant doesn’t fully know their way around well enough. If you are a new immigrant, prepare yourself for this possibility.
  • A Student: Landlords believe that students don’t have the financial prowess to maintain an apartment, and this is mostly true.
  • Below 21 Years Old: When it comes to someone who is less than 21 years old, they are more prone to misdemeanours. Landlords are wary of the over-exuberance of youths which may result in liabilities.
  • Has Low Financial Prowess: Individuals with low financial strength do not exactly strike a confident figure to landlords, As a matter of fact, some landlords totally refrain from letting out their properties to these people. For those that don’t, they generally request a guarantor.

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