Do I Need a Guarantor? Your Options Explained

Starting university is the beginning of one of the best adventures of your life, but the paperwork can confuse some students. If you are looking to secure your room at a purpose-built student accommodation property, you will come across the need for a guarantor. This is a standard process that helps ensure everyone is financially supported. Let’s explore what a guarantor is and why you need one.

Feature	Details
Requirement	A UK-based guarantor is generally required for all residents
Who can be one?	Usually, a parent or guardian living and working in the UK
The Alternative	International students can use specialist guarantor services
The Benefit	Allows you to pay in instalments rather than one large upfront sum

What is a Guarantor and Why Do I Need One?

A guarantor is essentially a backup for your tenancy. They are a person, often a parent or guardian, who agrees to be legally responsible for your rent if you are unable to pay it for any reason. For a housing provider like ourselves, having a guarantor in place provides a layer of financial security that allows us to offer flexible payment options. This may include paying your rent in instalments throughout the academic year.

A guarantor must be a UK resident who is currently in full-time employment. This simply makes the legal system in the UK easier to navigate if a payment issue ever arises. While it may appear to be merely administrative, it’s also a common practice in the non-student rental market.

What If I Do Not Have a UK-Based Guarantor?

If you are an international student or do not have a contact in the UK who meets the criteria, don’t worry. You still have several options you can explore.

The first choice is to simply pay your annual rent in one full sum before you move in. This removes the need for a guarantor as the financial requirements are satisfied upfront. We understand that this may not be an option for every student, though.

Alternatively, and more commonly, you can opt to use a guarantor service. There are a number of agencies in the UK that can act as your guarantor for a fee. These services are specifically designed for international students and those without a UK-based family. This allows students to secure their dream room without having to pay in one instalment.

Common Guarantor Queries

Does my guarantor need to be a homeowner?

Your guarantor does not usually need to be a homeowner, though they do need to receive a steady income and be a permanent UK resident. Each company and landlord has different policies regarding home ownership requirements, so check before you book.

What happens if I cannot find a guarantor? 

If you cannot provide a guarantor and do not appoint a specialist agency, you will likely be required to pay your full rental price upfront. This ensures your room is secured and your tenancy is confirmed without the need for a third party.

If you’re ready to find your ideal room, explore Prestige Student Living’s range of UK student accommodation and elevate your university experience.