The decision to ask an applicant for rent in advance for the entire fixed term of the tenancy (typically 6 months) or a guarantor before granting a tenancy is the landlords and will be based on the findings from the tenant referencing. One of these options may be obligatory if the landlord wants rent protection […]
Guarantor processing can typically add 7-10 days to the overall process – a summary of what is involved can be found here Still not answered your question? We love questions so fire it at us using the contact details here Please rate this article so we know how well it answered your question…
Yes – at the discretion of the landlord. See also What are the requirements for a guarantor? and What is the guarantor fee for?
No – When signing the Guarantor Agreement, the guarantors signature must be witnessed by someone who is a person of good standing in their community such as a doctor or solicitor (solicitors usually charge £5 for this service) and in all cases someone who is not a party to the Tenancy Agreement.
Copies of the Guarantor Agreement (attached to the Tenancy Agreement) are sent to the guarantor via post. The guarantor must sign and have witnessed the Guarantor Agreement. Typically the signature must be witnessed by someone who is a person of good standing in their community such as a doctor or solicitor – solicitors usually charge […]
Yes – It’s not unusual for a landlord to accept an offer or application to rent a property conditional upon the applicant providing a guarantor (more on this here) or paying rent in advance for the entire fixed term. It is however unusual (and arguably unnecessary) for a landlord to require a guarantor AND rent […]
A guarantor can be a friend or relative who is willing to be legally bound by the terms of the Tenancy Agreement throughout the tenancy. If you do decide to use a guarantor they must be referenced and meet the following criteria: • Be at least 18 years old • Be resident in the UK […]
The guarantor fee covers the following: * Initiating guarantor referencing * Professional referencing of the guarantor (including 3rd party costs) * Informing landlord of status of guarantor reference * Checking guarantor proof of identity and proof of address * Checking guarantor is a UK property owner (including 3rd party costs) * Providing landlord with guarantor […]