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More landlords using guarantors
More landlords using guarantors London
By   RYAN BEMBRIDGE
  • City News
  • Guarantor
  • rent
  • tenant
Abstract: Landlords are increasingly seeking guarantors in case a tenant is unable to pay their rent.

Three in five (60 per cent) of landlords said they would ask a tenant to provide a guarantor if their salary might affect their ability to afford the property.


Meanwhile, 16 per cent of landlords said they now require tenants to provide a guarantor, regardless of their salary.

More landlords using guarantors

A quarter (33 per cent) of tenants said they were asked to provide a guarantor in their most recent tenancy.


The study also polled tenants on their hopes of purchasing a home in the future.


Only 19 per cent of tenants said they were likely to buy a home in the next 12 months, but more would do so if they could.


In fact, 63 per cent of tenants said they would like to buy a home on the housing ladder but could not afford the deposit.

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