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Who can be a guarantor for renting?
A guarantor is usually a family member over the age of 18.
We can help you understand what being a guarantor means.
When might you be asked to provide a guarantor?
There are lots of different situations where you might need to have a guarantor.
Little to no credit history
If you’re a young adult with little or no borrowing history, there’s not much for a landlord to base a decision on.
Poor credit history
If you’ve missed any repayments, or bills or had a County Court Judgement against you, it might be harder to rent without a guarantor.
Unemployed or low income
If you have a lower income or receive Universal Credit, a landlord may need a guarantor in case you fall into financial difficulty.
New to the UK
To have a credit check, you’ll need to have lived in the country long enough to have a credit history. Without this, a landlord might need a guarantor before agreeing to rent to you.
You’re a first-time renter
If you’re renting for the first time, and have no references, you may need a guarantor. If your income is high though, you may not need one.
You’re a student
Usually, if you’re a university student who’s renting a private property, you’ll need a guarantor. This is usually a parent or legal guardian.
Things for your guarantor to know
Guarantors must be over 18, have a good credit history and have a certain amount of savings or income. They must also be a UK resident who has known you for at least two years and can vouch for your application. Usually, a close relative or a friend.
Your guarantor will need to be in a strong financial situation as they’ll be responsible for paying the rent, if the tenant isn't able to pay. They will also have to pay for any damage to the property.
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