Guarantor has failed Referencing, can he still be the guarantor?

General Chat
1

The guarantor for my tenant is the sole director of his own company and therefore likely to fail referencing.
Can he still be the guarantor, if I the landlord, are happy to proceed and he signs the relevant document ?

Thanks for any replies.

2

You are the Landlord. you decide what you want. If a guarantor fails your referencing and you choose to proceed, NO ONE can stop you. The referencing company won’t stop you, they can only advice you.

My questions to you are:

  1. why bother paying for a reference check if you know the candidate will [most] certainly fail?
  2. why bother paying for reference checks if you won’t be following the report ?

if the guarantor fails on income, ask the tenant to supply another guarantor. if you have two guarantors, you may split their liabilities in a way that they both pass the income check.

hope that makes sense

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Anyone can be a quarantor, regardless of referencing checks: you decide if you need one, and if you do, you then decide on who is suitable.

Referencing is simply a means of providing information that ought to help you to decide on taking in a particular tenant or if you want a particular person to be a guarantor: use your gut intuitive sense to add to any hard facts you gain about the person of interest to you.

Like a car MOT, a person may “pass” a guarantor check and fail a few weeks later!

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