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What is a UK guarantor?

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If you are looking for a room or property to rent in the UK you will be asked to provide a Rental Guarantor.

A Rental Guarantor is required by your Accommodation Provider to pay rent arrears if you default on any of your payments. Provision of a Rental Guarantor is common practice in the UK and grants your future landlord the security that your rent will be paid on time and in full. A Rental Guarantor will also be expected to cover other costs incurred as detailed in your Tenancy Agreement, including liabilities such as Joint and Several.

 

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