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.
This Blog Includes:
What is a Guarantor?
In layman’s terms, a guarantor is someone who agrees to pay the rent or any other charges if the tenant is unable to do so. Landlords often require tenants, particularly students, to have a guarantor because it provides them with financial security in case of rent arrears or damage caused by the tenant. Having a guarantor can give you immense benefits while getting accommodation which we will discuss in the next section.
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 numerous benefits that you can get if you have a guarantor, Here are some of the key benefits of having a UK guarantor 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 certain essential eligibility criteria that a guarantor needs to fulfil in the UK for an international student, 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?
FAQs
Ans. An accommodation guarantor is someone who is liable to pay your rent in case you fail to pay your rent on time or even liable to pay in case of any damage to the property or asset.
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.
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.
