UK Guarantor For International Students: Studying abroad has been a lifelong dream for many aspiring students to gain quality education, global exposure and cultural diversification. But even after a lot of planning many students face problems with their accommodations.
Finding accommodation options can be an easy task but when you are looking to finalise everything it can be a tough job sometimes. To help you in your endeavours, we bring today’s informative blog on how you can get a UK guarantor for international students. This blog will help you get accommodation easily therefore, make sure you read it till the end.
Table of contents
- What is a UK Guarantor for International Students?
- Benefits of Having a Guarantor
- Eligibility Criteria for Guarantor in the UK?
- UK Guarantor for International Students: Responsibilities
- What do you do if you can’t find a UK guarantor?
- Tips for Securing the Best UK Guarantor
- FAQs on UK guarantor for International Students
What is a UK Guarantor for International Students?
A UK Guarantor for International Students is someone who agrees to take responsibility for your rent payments if you’re unable to pay. Many landlords or letting agents will ask for a guarantor before letting you rent a place, especially if you’re a student or have just moved to the UK. The guarantor signs an agreement promising to cover your rent if you can’t pay it yourself.
Also Read: Not sure about the duration for which you can stay in a student accommodation? Our blog will help you greatly – How Long You Can Stay in Student Accommodation?
Benefits of Having a Guarantor
There are several advantages to having a UK guarantor for international students. Here are some of the key benefits of having a guarantor in student housing in United Kingdom for international students:
- You can opt to get a private accommodation option easily if you have a guarantor in the UK.
- When you have a guarantor, you have better chances of getting any kind of accommodation easily, as they act like an additional cushion and keep the landlord’s or any accommodation agency’s interest intact.
- You will have better chances of renewing your accommodation rental agreement easily, as a landlord always wants a secure tenant that pays the rent on time without damaging anything and with a guarantor, this provides an additional sense of relief to the landlord.
Eligibility Criteria for Guarantor in the UK?
There are specific eligibility criteria that a UK guarantor for international students must meet. Usually, your parents, friends, relatives anyone trustworthy can be your guarantor, but in the UK the rules are a little different:
- Your guarantor needs to be a UK resident.
- They need to prove their financial stability by providing a valid income source.
- Your guarantor also needs to own a property in the UK and provide valid property ownership documents.
- Your guarantor and you both need to sign an agreement to be a guarantor on paper. (This acts as a proof)
- The minimum age of your guarantor should be 18 Years.
Also Read: Not sure how to find a place to stay while studying abroad? Our blog will help you – How to Find Student Accommodation For Studying Abroad?
UK Guarantor for International Students: Responsibilities
If you have someone like a family member or a friend in the UK who meets the above eligibility criteria then it is extremely necessary to know all the responsibilities that are associated with being a UK guarantor for international students, some of them are as follows:
- As previously mentioned, one of the primary responsibilities of a guarantor is paying rent if the tenant cannot meet their obligations. In case, both the tenant and the guarantor fail to pay the due amount on time, the landlord has the right to take any legal action against them and even may ask to leave the accommodated place after a certain time.
- It is also important to understand that being a guarantor is a legally binding agreement and should not be taken lightly. It is recommended that potential guarantors seek independent legal advice before agreeing to act as a guarantor.
- Guarantors may also be held responsible for damage caused by tenants or any other debts incurred during their tenancy period. This can include damages beyond what would typically constitute wear and tear, such as holes in the walls or broken appliances. If any debts are owed after the tenancy period, the guarantor may also be held responsible for these.
Also Read: Concerned about your safety while choosing a student accommodation? This blog will answer all of your queries – How to Choose Safe Student Accommodation While Studying Abroad?
What do you do if you can’t find a UK guarantor?
If you can’t find a UK guarantor, there are several alternatives you can consider:
- Offer a Larger Deposit: Some landlords or rental agencies may accept a larger upfront deposit as an alternative to having a guarantor.
- Use a Guarantor Service: There are companies that provide guarantor services for a fee. They act as your guarantor if you meet certain criteria.
- Provide Proof of Income and References: Some landlords might be willing to rent to you without a guarantor if you can prove you have a steady income and good references.
- Consider Rent-Advance: Paying a few months of rent upfront might also be an option if a guarantor is not available.
- Seek Professional Help: You can also contact property agents who specialize in helping renters find accommodations without a guarantor.
- Rent with a Co-Tenant: If you’re willing to share accommodation, renting with a co-tenant may be an option where they could act as a guarantor.
Tips for Securing the Best UK Guarantor
Securing a guarantor for renting a property can sometimes feel challenging, but with the right approach, it becomes much easier. Here are some simple tips to help you find and secure a guarantor who can support your rental application.
- Pick the Right Person: Choose someone with a stable job and good credit, like a close family member or trusted friend.
- Be Honest: Clearly explain what being a guarantor involves, so they know what to expect.
- Show Financial Stability: Share your income proof to show you’re reliable and capable of paying rent.
- Reassure Them: Let your guarantor know you’ll make rent payments on time, and offer extra security if needed.
- Check Requirements: Make sure your guarantor meets the landlord’s income and credit requirements.
- Get a Written Agreement: It helps to have a simple document outlining the guarantor’s responsibilities.
FAQs on UK guarantor for International Students
A UK guarantor for international students is a person who agrees to be responsible for the rent payments if the student is unable to pay. This person must meet specific financial and residency criteria in the UK.
Ans. It is absolutely not necessary to get an accommodation guarantor, but this will help you get more private accommodation easily and even get some accommodation options where a guarantor is necessary.
Ans. The easiest way of getting an accommodation is by looking for your University accommodation options. They provide accommodation options for their students without any guarantor needed.
A UK guarantor can be a parent, relative, friend, or other trustworthy individual who resides in the UK and meets the financial requirements set by the landlord or housing provider.
The guarantor should be a UK resident with a stable income, usually earning a minimum of 18-20 times the student’s monthly rent. They must also have a good credit history.
If the UK guarantor fails to meet their obligations, the student may face eviction or legal action. The guarantor’s credit rating could also be affected.
Some landlords or agencies may charge a fee for processing the guarantor. It’s important to check the specific terms before entering an agreement.
Yes, there are professional guarantor services available for international students who don’t have a UK-based guarantor. These services act as your guarantor for a fee.
A UK guarantor is often a requirement in your rental agreement. They provide assurance to the landlord that the rent will be paid on time. If you are unable to pay, the guarantor will be responsible for the rent.
Many private landlords require a UK guarantor for international students, but some may not. It’s advisable to check with the landlord about their specific requirements before signing the lease.
We hope you liked this blog where we covered information about UK guarantor for international students. For booking the best accommodation abroad to start your study abroad experience you can contact Fly Homes at 1800572118.
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