Gaming0 min ago
What does a Guarantor need to provide?
12 Answers
Me and my girlfriend are about to rent a flat and we need a guarantor, my dad said he will do it but is very skeptical of providing bank statements as proof of earnings as he doesn’t want them to have all of his bank details.
Can anyone tell me what information you a required by LAW, to give to the estate agent, as i’m sure the estate agent is asking for more than is required.
Thanks
Can anyone tell me what information you a required by LAW, to give to the estate agent, as i’m sure the estate agent is asking for more than is required.
Thanks
Answers
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Might help to explain what a Landlord would require by way of a Guarantor.
http://ezinearticles....K-Landlords&id=610914
Ron.
http://ezinearticles....K-Landlords&id=610914
Ron.
There's nothing required by law, as you put it, that a guarantor must provide. This is a contract between two or more parties and you or your father must provide enough information to convince the landlord that you can afford the rent and other liabilities.
As a landlord I would get a credit check done on the tenant and also a reference from the employer and, if applicable, from a previous landlord. If a guarantor is required then then same checks would apply to him/her as well. Some landlords ask for bank statements as well.
Bank account numbers and sort codes are fairly irrelevant, both to the landlord and to anyone else. Blank them out on the statements if you wish but there's little point really. As has been said, they're printed on cheques etc anyway and are no use to anyone unless someone is paying money into your account. Perhaps he's more concerned about the personal information actually on the statements (incomings and outgoings) rather than his bank account details.
As a landlord I would get a credit check done on the tenant and also a reference from the employer and, if applicable, from a previous landlord. If a guarantor is required then then same checks would apply to him/her as well. Some landlords ask for bank statements as well.
Bank account numbers and sort codes are fairly irrelevant, both to the landlord and to anyone else. Blank them out on the statements if you wish but there's little point really. As has been said, they're printed on cheques etc anyway and are no use to anyone unless someone is paying money into your account. Perhaps he's more concerned about the personal information actually on the statements (incomings and outgoings) rather than his bank account details.
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