What is a Rent Guarantor and How to Get a Guarantor

— Juliet Edjere

Finding the perfect apartment is only half the battle. Landing the lease can be another story, especially if your income, credit history, or rental experience falls short of a landlord's ideal. That's where rent guarantors come in – your potential ticket to the keys of your dream home.

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Photo by Aaron Sousa on Unsplash

What is a Rent Guarantor?

A rent guarantor is a third party, usually a family member or close friend, who agrees to be financially responsible for your rent payments if you default. They essentially vouch for your ability to pay, giving landlords added security and increasing your chances of landing that desirable apartment.

A rent guarantor company is a third-party company that agrees to cover your rent if you're unable to do so. They act as a safety net for landlords, mitigating the risk of missed payments and evictions. This guarantee can significantly boost your application, making you a more attractive tenant, even if you don't meet all the traditional criteria.

Why Would You Need a Rent Guarantor?

There are several reasons why you might need a rent guarantor:

  • Limited credit history: If you're young, a recent immigrant, or haven't established significant credit, you might not have a robust credit score and landlords may be hesitant to trust your financial stability. A guarantor can bridge the gap and provide reassurance.
  • Low income: Even with good credit, your income might fall short of the landlord's required threshold. If your income doesn't meet the landlord's minimum requirements, a guarantor can demonstrate your ability to afford the rent.
  • Limited rental history: If you're a first-time renter or haven't rented in a while, landlords might be hesitant. A guarantor can ensure your responsible renting habits.
  • Specific landlord requirements: Some landlords, especially in competitive markets, might explicitly require a guarantor for all tenants.
  • Self-Employment: Proving income as a freelancer or self-employed individual can be tricky. A guarantor can offer landlords peace of mind.
  • Students: Landlords often view students as higher risk due to their age and financial dependence. A guarantor can increase your chances of securing an apartment.

Types of Rent Guarantors

  • Individual Guarantor: This could be a family member, friend, or close relative who agrees to cover your rent in case of default. While traditional, this option comes with personal consequences and potential strain on relationships.
  • Professional Guarantor Service: Companies like RentGuarantor.com and Housing Hand act as guarantors for a fee, typically a percentage of the annual rent. They assess your financial situation and offer different guarantee plans with varying costs and coverage.
  • Insurance-Based Guarantors: These companies offer insurance products that act as a guarantee for your rent payments. They often require a one-time premium payment and may have lower fees compared to traditional guarantor companies.

Factors to Consider Before Choosing a Guarantor

  • Financial stability: Your guarantor should have sufficient income to cover your rent in case of default.
  • Creditworthiness: A good credit score for your guarantor strengthens their guarantee.
  • Location: Some guarantor services operate regionally, so ensure their service covers your desired area.
  • Fees: Professional guarantor services charge fees, often based on the monthly rent and tenancy length. Compare rates and services before choosing.

Examples of Professional Guarantor Providers and Plans

  • RentGuarantor.com: Offers various plans for students, professionals, and those on benefits. Fees range from 3.5% to 8% of the annual rent.

    • Wider eligibility criteria, accepting applicants with lower incomes or benefits.
    • Offers flexible plans with varying guarantees and service fees.
    • Requires credit checks for both tenant and guarantor.
    • Guarantees up to 18 months' rent.

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    Housing Hand: Provides guarantor services for employed, retired, or benefit recipients. Fees start at £89 per month.

    • Specializes in supporting students and young professionals.
    • Offers a co-signer option, ideal if you don't have a traditional guarantor.
    • No credit checks, but requires proof of income and references.
    • Guarantees up to 52 weeks' rent.
  • Homeppl Guarantid: Targets UK tenants, including students and international renters. Prices are based on individual circumstances.

    • Offers plans for students, employed professionals, and those on benefits.
    • No upfront fees, just a monthly service charge based on your rent and income.
    • Requires references and income verification but no credit checks.
    • Guarantees up to 12 months' rent.

Important Considerations

While financial backing is the primary function of a guarantor, consider these additional benefits:

  • Strengthening your application: A guarantor improves your application's competitiveness, especially in competitive markets.
  • Building trust with landlords: Having a guarantor demonstrates your seriousness as a tenant, fostering trust with landlords.
  • Peace of mind: Knowing someone has your back can alleviate anxiety and provide peace of mind throughout your tenancy.
  • Guarantor agreements are legally binding. Both you and your guarantor should understand the terms and responsibilities thoroughly.
  • Open communication is key. Talk openly with your guarantor about your finances and potential risks.
  • Maintain responsible rent payments. Avoid relying on your guarantor as a safety net; prioritize timely rent payments to build your own credit history.


Navigating the rental market can be challenging, but a rent guarantor can be your key to unlocking your dream home. Be sure to choose a responsible guarantor, understand the commitment involved, and prioritize responsible rent payments for a smooth and successful tenancy.

Securing a guarantor is a great step, but remember, ultimately, you're still responsible for paying your rent. Maintain clear communication with your guarantor and landlord about any financial challenges. Use this opportunity to build your credit

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