A Landlord may require a Guarantor for the tenancy and the circumstances can differ for each individual application.
In general a Guarantor will be required where the applicant falls into one of the following categories:
Tenants in receipt of Housing Benefit
Where a Tenant has detrimental credit against him/her
Where a Tenant has come into the country from overseas
Where a Tenant is unable to satisfy the minimum referencing criteria
What am I am liable for?
By signing a Deed of Guarantee the guarantor agrees to indemnify the Landlord against all costs, losses and expenses arising through any breach of the Tenancy Agreement by the tenants named on the Tenancy Agreement, including rental payments.
How long does the Guarantee last for?
The guarantee lasts for the entire length of the tenancy including any extension, continuation or renewal of the tenancy.
What is the criteria for becoming a Guarantor?
You must be a UK resident
The rent guaranteed must meet the affordability requirements of the referencing company. The annual salary or income required is 36 times the monthly rent.
A Guarantor must not have any detrimental credit registered against them
You must be able to sign a Deed of Guarantee prior to the tenancy commencing.
What happens next?
Please complete the Guarantor application form by clicking the button below. Your application will be reviewed and if satisfactory, your details will be passed to our independent referencing company so that the information provided can be verified by way of credit check, identity check and verifying your income.