Hi,
Can anyone tell me how a guarantor works? I’m trying to let out my property and have had some people advise me to get in guarantors for extra security if I go for anyone on any kind of benefits, does it actually work or is it going to be more headache for me in the long term trying to get a guarantor to pay up if tenants don’t? Will they be legally required to pay or will it cost me more going through courts etc? I’m not too sure how the process works and would appreciate any info,
Can someone shed some light on this please,
Thank you