I would like to use my father as my guarantor. He is a UK citizen and property owner, but he does not reside in the UK. He resides overseas in the Middle East. Does anyone know if I can still use him as my guarantor?
Depends on individual landlord. I would consider. It depends partly on if landlord has mortgage on property so needs insurance. Check land registry for whether mortgaged. If not mortgaged much more flexible.
It is to all practical purposes impossible to sue an overseas guarantor if they default, so many landlords will reject this. However, some landlords dont require guarantors, so you may get lucky with a large enough up-front payment.
Another option is to use a guarantor company if a landlord won’t accept an overseas guarantor. There are quite a few around. I personally have no experience of them but it might be worth looking at?
I think the requirements for a guarantor are clear. In answer to the question ’ Does anyone know if I can still use him as my guarantor?', then it is possible. If your father moves back to the UK for a period of 3 years, you will then be able to use him as a guarantor.
If your father is a UK citizen living in the middle east to avoid the punitive taxes living here, and I don’t blame him, and if he has property here, then I would consider him. He sounds rich enough to be useful. After the lower tax he will have more cash to cover your rent!
No, that’s wrong. The guarantor does not have to be physically present in the country to bring a claim against them. They are a UK citizen with UK property. If they do not show up for the court proceeding the hearing proceeds without them. To achieve enforcement ultimately you would end up with the bailiffs seizing their UK property. As long as there is property here to potentially seize, there is a way to obtain damages. But I would expect that a person of sufficient financial means to make it worth their while to relocate to the ME to avoid tax on their unearned income, which is very common these days for people running their own businesses, would not worry too much about a few grand on their daughter’s rent!
My point was it just makes the whole process more convoluted.
There’s a lot of assumption that the guy has tons of cash. Where did you get the idea that he has chosen to “relocate to the ME to avoid tax”? I lived in the ME for 11 years, but it was for work. He could be doing the same and, trust me from my experience, living in the ME doesn’t mean you’re rolling in it. We don’t even know if he owns his property in the UK outright.
Many LLs aren’t going to want the hassle of having to reference an overseas guarantor, check bank statements and prob don’t have a clue how to proceed against someone who isn’t in the UK. The OP can try it, but she might find it hard to get a LL who will accept it, let alone the OR system if the LL uses RentNow. Good luck if she does.