Prospective guarantor passes credit check but does not have a UK address

Prospective guarantor passes credit check but does not have a UK address

8:40 AM, 21st June 2017, About 7 years ago 11

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As a result of finally having run out of fingers to burn off in recent years I am now taking an altogether more pro-active stance with my letting agents at the pre-tenancy stage. In particular, I now require sight of all of the tenant provided documents as well as the full results of the credit checks before I am prepared to agree to a tenancy being created.

One of the prospective tenants for a property of mine in the north east requires a guarantor.

The guarantor appears to check out fine (indeed more than fine) and HomeLet have declared him a suitable person to be a guarantor.

The problem is, at least as I see it, that the guarantor’s address is in France.

HomeLet seem to think it is fine, but I beg to differ. The letting agent can’t understand why I am raising the issue as a problem.

Neither HomeLet or the letting agent can understand why I am not reassured by the HomeLet 12 month guarantee, simply ignoring my observation that it is the 15 month (or whatever) point that concerns me.

From my perspective the whole point of having a guarantor is so that (god forbid that it should be necessary) UK court papers can be served on them at a UK property that they own and relying on an address anywhere else in the world is foolhardy.

What does the panel recommend?


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Dylan Morris

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13:27 PM, 24th June 2017, About 7 years ago

With frequent serious arrears problems like that no wonder you are cautious. Seems a waste of money though to pay your agent then have to check all the documentation and credit searches yourself as your agent can't do it to your satisfaction. Anyway good luck ?

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