More often than not, students renting in the private sector will require a UK based Guarantor. This is someone who signs to say that if you miss your rent payment, they will be liable for the bill. Most often a parent/guardian is used as a guarantor. Usually if you are on a joint tenancy, each tenant will provide their own guarantor, however some landlords may ask for one guarantor for the whole flat. This may be important to think about if you’re living with a number of people – will there be someone who is willing to guarantee all of your rents?
What if I don’t have a UK Guarantor?
If you do not have a UK guarantor there are a few things we suggest.
- If you are from the EU some letting agents/landlords will accept an EU guarantor instead.
- You can offer to pay a larger security deposit instead of having a guarantor.