How to Get a Guarantor To Book a Student Accommodation

Most landlords will require a UK-based guarantor for all types of students from all backgrounds. Don't feel discriminated against or unfairly treated if asked to find a guarantor when you book a student accommodation in the UK, despite the fact that it can be challenging for individuals to find a guarantor (for whatever reason). But truth be told, students are, in fact, high-risk tenants.

A guarantor helps landlords reduce their risks of losses, such as unpaid rent and repair costs.

Landlords typically require a guarantor who is based in the UK, which might be difficult for international students. However, it's also a regular issue for UK citizens, particularly if their parents or other close family members don't make enough money to be considered reliable guarantors. 

First, What is a Guarantor?

Allow us to provide some context before we delve into the idea of a guarantor. You will stay in either a private or an on-campus student accommodation facility when you leave for college. Your choice of accommodation will need to be carefully considered and will be based on a number of variables according to what feels most comfortable to you. In contrast to their on-campus equivalents, private housing today is preferred by many students because they provide a greater choice of living areas, better amenities, and city centre locations.

You will be asked to sign some tenancy agreements after acquiring your preferred property, and that is where the idea of a guarantor comes into the picture. A guarantor is essentially someone who agrees to fulfil your tenancy's other obligations, such as paying your rent, in the event that you are unable to do so. A UK guarantor must sign an agreement outlining the aforementioned conditions, consent to a credit check, and provide all the necessary documentation regarding their annual income and primary residence.

So here’s how to get a guarantor to book student accommodation:

Almost Anyone Can Be Your Guarantor! 

Yep, you read that right! A guarantor can be just about anyone. It’s frequently a parent or spouse, but, it can also be a friend or a cousin just as long as you have different bank accounts. However, it should be done by a reliable individual who can afford the repayments.

You must be at least 21 years old, have a solid credit history, and have stable finances in order to serve as a guarantor. If you own a home, it will give your application more legitimacy.

You should be aware of the potential financial dangers whether you're thinking about requesting someone to serve as a guarantor or you've been contacted by a friend or family member who needs help. You will be held liable for the debt if the borrower fails to pay. In addition to the financial hardship, these circumstances can occasionally sever friendships or spark family disputes. The ability to continue making payments should be carefully considered by both the borrower and the guarantor.

Companies That Already Provide a UK Guarantor! 

If you failed to find a guarantor, you can simply book a student accommodation through a company that already deals with a guarantor to save yourself the hassle. We, at Casita, provide such service. 

Casita works along with Housing Hand to provide students with a guarantor to book student accommodation. All you have to do is contact us through email, phone, Whatsapp, etc… and one of our accommodation experts will contact you and help you with the booking process and anything related to it. 

Use a Private Guarantor Company

Companies have been established in recent years to assist students without a UK guarantor. Essentially, in exchange for a service fee, they will serve as your guarantor (i.e., guarantee your rent) typically for the duration of your tenancy (prices can vary). 

Some of the most famous guarantors are Housing Hand, Rent Guarantor, and ukguarantor.com. 

Here’s how the process goes: first, you find your new student accommodation. Then, you fill in an application to determine whether they will act as your guarantor or not. That’s the usual sign-up process.

In order to apply for a guarantor, you will need the following:

1. Proof of Study – correspondence from University, UCAS form, or a Student ID.

2. Proof of ID – a national ID document, a passport, or a driver's license.

3. Co-Signer – this serves as a point of contact and can be a parent, relative, or acquaintance. They won't have their credit checked as long as they are employed and over the age of 18.

That’s everything you need to know about guarantors and how to find one. Just make sure that you find a reliable guarantor and don’t put yourself at any kind of risk!