It really depends on the guarantor's current financial situation. Some accommodation landlords ask for guarantor's living history. If your guarantor was bankrupt more than a decade ago and is doing well now, it should be fine. To be on the safe side, I would suggest finding a guarantor who has had a solid financial track record for up to a decade. Keep in mind though, guarantor details are merely part of the initial documentation process to help secure a tenancy. You must make sure you are able to pay for your accommodation charges regularly to avoid any penalties.
See myself, landlord, and guarantor have all signed the tenancy agreements etc, but they’ve sent credit checks to all the guarantors now. There’s been no problem with my guarantor for the last two years but at a different accommodation so I’m hoping it’s the same?
no they’re not expected to make them, they’re the guarantor and i’m the tenant who will pay the rent, but the student company has got a company to do credit checks on all of our guarantors which is why i’m worried incase they decline my guarantor
Nerve wracking, there’s no other accommodation options so I’m praying they’ll still let me have a tenancy even though everything’s already signed. Surely if I provide them with a letter from my previous accommodation stating I’ve always paid on time that may help.