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Guarantor

Guarantor 1Nicola Caulfield asked 5 months ago

A potential tenant is on Universal Credit so I have asked them to provide a Guarantor. How much does the guarantor need to be earning to qualify? I have read somewhere that they should be earning at least 3 times the monthly rent – is this true?

1 Answers
Guarantor 2Marc Attwater Staff answered 5 months ago

Nicola that is generally correct, however guarantors are usually parents and some are retired. Much more important is if they are home owners.

Guarantor 3Nicola Caulfield
replied 5 months ago

Ah that makes perfect sense. Thank you.

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