Hi i am currently looking for a 4 bed, we r in PR now but LL had sold the house, so we need to move out. We have a guarantor here, and have been here now 9 years but our current guarantor is now retired butbhe does own his own home. Is he still able to be a guarantor for us, if not what r the guarantor requirements plz
Thanx
@Louise84 just because property sold doesn’t mean you have to move out. LL (New owner) takes over and unless you give notice or they serve the right notice you can stay.
That said you are wise to start looking into options.
Someone retired can still be a guarantor- it’s not based on employment status but whether they could cover the rent if you didn’t pay - they will still have income and assets
Good luck
The buyers have bought the house to move into themselves and our current LL is in the process of issuing us notice, good to know tho our current guarantor is still potentially good enough 
also could u help me with what adverse credit is, im not aware I have any but a LL has said i wouldn’t pass a check if I have any but im not sure as to why they’d think this as my credit etc is Fair
@Louise84 we don’t know your circumstances or why LL might think you may have adverse credit- they might be talking theoretically. Have you ever paid late?
Adverse credit is basically anything negative on your credit history see link
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Best
They just asked in general questions prior to a viewing and I thought it meant did I have credit cards etc which I do so I put yes (credit cards) but I haven’t missed any payments in over a yr and b4 that I was 2022. I have msg’d all this tryin to explain ive misunderstood what it was but they’ve not got back. I nor my husband have bad credit or bad markers on our names etc at all and our credit scores r good/fair on clearscore and Experian, I have also told the LL that as well. I’m just VERY interested in the house as its perfect for us! 
This will be up to your individual Landlord. Each will have their own requirements & preferences, so just because one says No, doesn’t mean all will.
@Karl11 thanx so it’ll just basically be hit n miss as to whether we r deemed suitable guarantor wise
@Louise84 hit or miss? well it is just like affordability checks generally. if you have a guarantor who could easily cover rent from income its straightforward. If they have a savings or assets like a house that may help. Affordabilty ratio for guarantor often higher 3x not 2.5 as they have own place to pay for
Not all LLs require guarantors, depends on your own affordability etc
Good luck
I mean as in each LL would be different as to what they require/want in regards to the guarantor specifics. Our current guarantor owns his own home and has just retired from a good job. I couldn’t see there being any issues but think it would all depend on the LL.
@Louise84 yes well if a guarantor doesn’t pass referencing/affordability checks the LL won’t be able to get RGI. Different LLs will use different referencing companies. As you say they and LLs will have different criteria in terms of income and/or savings/assets for a guarantor to pass.
Good luck
Ahhh right ok, thanx for the information