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Using a guarantor

Student Guides The Guild 24th April 2017

Be aware that as a student, you are likely to need someone to act as a guarantor in order to rent. As a student, your income can be flexible or seasonal, meaning a landlord will require a guarantor who agrees to pay for your rent if necessary.

Although each agreement will be specific to your situation, here are some important facts to consider:

  • A guarantor is typically a third party such as a parent or close relative.
  • Your guarantor should  expect to be credit checked, as they will be responsible for any repayments you miss.
  • The agreement must be in writing to be legal.
  • What is covered by the guarantor agreement will depend upon your landlord and/or agents requirements, so it may include damage to the property.
  • If the damage is part of the agreement, it’s advisable to show your guarantor exactly what they will be responsible for.
  • When renting within the UK, be aware that it’s likely the guarantor will need to reside in the UK, too.
  • International students without a UK guarantor may be required to pay more rent upfront.
  • It’s common for one guarantee to be in place for a joint tenancy, as opposed to just your share or the cost for your room. It may be possible to negotiate with the landlord for a variation to a guarantee agreement, meaning guarantor's liability was confined to only your rent payments or any damage caused by you. But this will depend upon the landlord.
  • Many agreements are open-ended in that they refer to liability ‘under this tenancy/agreement’ which means it can cover an extension beyond the fixed term and any variations in the rent.
  • Be sure that you fully understand the agreement, and remember to ask questions.
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