Guarantors for rent – worth the hassle?

by Readers Question

9:08 AM, 24th June 2020
About 2 weeks ago

Guarantors for rent – worth the hassle?

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Guarantors for rent – worth the hassle?

I have a sibling of a current tenant looking to rent as his mother has kicked him out. He is just over 18, has a job, yet no bank account/credit history or any financial referencing. She wants him to live near, but not with her in her one bed flat (he is currently staying with her as he no where else to go) He’s currently saving for a deposit.

I’m probably answering my own question I guess, but should I even go down the route of considering a guarantor to assist him? It clearly won’t be his mother.

Is this more hassle than its worth?

Reluctant Landlord



Comments

WP

15:43 PM, 24th June 2020
About 2 weeks ago

ok - decision made. Its a deffo NO! Thanks for the feedback everyone. I did use a guarantor before and it worked out ok, but looking back I guess there are more issues than benefits to the landlord unless the agreement is bolted to the floor.

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