Has anyone had experience of dealing with an online guarantor company? A prospective tenant (young, straight from uni) said her former student union advised they could go down this route if struggling to find somewhere and needed a guarantor. It costs the tenant a couple of hundred pounds upfront but then the company act as a guarantor for them for the first 12 months. I’ve looked online & there appear to be a couple of companies doing this - rent guarantor & housing hand.
Sounds like a sort of insurance that the tenant can provide - the online blurb says the company will step in & pay the rent if the tenant falls into arrears and will also start eviction proceedings if required… I prefer the idea of this rather than a private individual guarantor but wondered if anyone has experience of dealing with them & would recommend or not?