Students seeking accommodation in Reading often face challenges related to their limited credit history and financial stability, which can understandably cause concerns for landlords. In the unfortunate event that a tenant defaults on rent payments or causes damage exceeding the deposit value, it may become difficult for the landlord to recover their losses, even if legal action is pursued. Hence, it is a common practice across the UK to request parents or guardians to act as guarantors for their children's tenancy agreements, providing an additional layer of security for landlord.



Guarantor


Guarantor


As guarantor you will be sent a automatic link once your child has completed their application form, please complete your application as a matter of urgency as the contract will need to be signed 10 days from when they would have reserved (please contact your child as you will need some information from them to complete the online application).



Guarantor FAQs

To be a current home owner (only within England or Wales). To prove this, we require for you to present either a valid property mortgage statement or a land registry title, clearly stating your name and the property listed.

Must be currently living within England or Wales, and be an English or Welsh citizen unless you own property within England or Wales.

If you are not a home owner, you will need to provide applicable evidence showing that you are earning at least 60x the monthly share of rental amounts for the said tenant you are guaranteeing. We require for you to upload your work contract, last 3 months bank statements, last 3 months payslips and annual self-assessment (if applicable).

Photographic ID and a relevant utility bill (we accept the following: council tax, electric, water, gas bills) clearly conveying the address you have listed and your full name.

The reason that your guarantor must be a homeowner is that in the event of a default the landlord can recover the rent or damages from the guarantor. If they own a home, then it is more than likely that they would pay any costs that may be liable.

One of the easier people is usually your parents but you could also ask a member of your family or even a friend. You may find that they will be able to and be happy to guarantee this for you. As stated above we do have an Insurance company who will be able to cover them in this regard.

No, unfortunately we do not accept tenants without a guarantor. We understand that almost every landlord in Reading will ask for some form of guarantee from a third party. It is thus always important that you check that you have a guarantor before you start looking.

We accept (subject to you rent a house not a room) a company called Housing Hand at www.housinghand.co.uk Telephone number 0207-2052625. They are a third party and will be able to help you with respect to the guarantor.

If you do not have a guarantor then they will be able to supply one for you. It will allow you to still be able to take part in a group that want to take a property.

No, unfortunately we would not change the documentation that has been provided. This has been approved by Trading Standards and as such we would not be prepared to change this. It has been in place for many years and we have used it for hundreds of thousands of students.

No, we don’t need references. But we do need then to fill out an application form. This will detail all the income to make sure that they are suitable for this position for Harringtons.

No, we do not take references for students. Most students aren’t able to actually even provide a reference or a credit check and, in any event, we would not take you unless you had a guarantor. It is thus important that you are aware of what the criteria is before you start looking at our properties.

Yes, of course, you can pay your rent up front for the whole of the term before you move in if you wish to do so. It is totally a matter for you and/or your guarantor if they wish to do this.

Yes, we are more than happy to accept you if you wish to pay your full rent up front.

If you have any queries in relation to the above, then please do not hesitate to contact us. We would be more than happy to speak with you and go through it with you. Obviously, we are trying to ensure that you can proceed to let a property through us before you start.

Please refer to our Student Lettings Information article for more general information - Click Here