1. Home
  2. Letting
  3. Guarantor

Guarantor

Nicola Caulfield asked 2 weeks 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
Marc Attwater Staff answered 1 week ago

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

Nicola Caulfield replied 1 week ago

Ah that makes perfect sense. Thank you.

Load More Related Articles
Comments are closed.