My flat is currently let out to two tenants. In order for the referencing to pass and be covered for rental guarantee (which I take with my landlord insurance rather than through OpenRent), they had to add a guarantor to ensure the affordability.
One of the tenants is now being replaced so I have referenced the new prospective tenant. She has failed due to affordability however I think this is because the referencing is looking at her income alone (the maximum rental affordability the referencing states is actually more than that of the current tenant she will be replacing).
If I take this new reference in combination with the previously completed references of the remaining tenant and the guarantor, the total monthly rental is covered.
In the unlikely event I need to claim on my insurance for the rent guarantee, will I be covered in this scenario or do I need to re-reference the current tenant and the guarantor?
Many thanks for any help