Summary:- For those who can’t pay house rent upfront can pay through installments provided they have a guarantor which is normally what is required for student accommodations in the UK. This article provides information about who is a guarantor, what he does, and what if you do not have a guarantor.
Managing finances while you study abroad is typically daunting once you’re asked to pay the annual rent of your student accommodation fully. We guarantee the rent for the entirety of your tenancy, so whether you’re 18 or 80, if you don’t have a UK guarantor then this is often the service for you!
Who may be a Guarantor?
If you were a guarantor for somebody who is unable to repay his renovation loan, you’ll end up repaying the loan for him. The guarantor guarantees a loan by pledging his or her assets as collateral. Unlike a co-signer, a guarantor has no claim to the asset purchased by the borrower. If you have a guarantor you will be able to pay your house rent in easy installments as is set by the provider whether he wants weekly, quarterly or monthly installments. This is also the question of security of the house owner who wants to be sure of the tenants' whereabouts.
Paying for you
A must if unable to pay rent upfront
Most accommodation providers will ask you to provide details of a guarantor who takes the responsibility if you’re unable to pay your rent entirely annually. For international students, finding an appropriate guarantor during a replacement country could even be an outsized order. The whole process of booking accommodation becomes easier, and a lease contract is signed for your tenancy period without any hassles. This student room guarantor service is typically available for a one-time nominal fee.
Go for partner services
Now, what if you do not have a guarantor who has a robust credit score and takes your responsibility in case of non-payment of rent. Student housing websites and accommodation providers now have partnered with specialist value-added service providers who will help get you a Guarantor to provide students the safest and most secure payment option.
There are two payment options available for college kids full payment or by installment. If you’re paying for the entire year ahead, you do not need to provide us with a UK Guarantor. If you decide on the installment option, we’ll ask you to provide us with a knowledgeable UK Guarantor, which can be standard practice within the United Kingdom. This provides us with the security and knowledge that the rent goes to be paid fully. for school kids who cannot provide a guarantor to be able to pay rent in installments can resort to those services.
guarantor for international students