Guarantor companies for tenants

Tenant Discussion
1

Hi, if you fail the credit check, due to a low score and you require a guarantor, do landlords accept guarantor companies, that cover missed rent and damages etc? Some don’t seem to and I don’t know why not, they are probably a safer bet than having an individual as a guarantor.

There is a good company that I have found who I would pay £20 a month to and if anything happened they would cover missed rent/damages etc to the landlord.

2

I think the landlords concern might be more to do with the failed referencing than the guarantor company. Why is this person likely to fail referencing?

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3

Additionally, dealing with insurers (rent or damage) is a whole heap of hassle that most landlords really don’t want.

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