Co-signer Information | Guarantor Service

Guarantor Service - Co-signer information. How does the service work?

The guarantor service is where we act to guarantee a tenancy. If the tenant falls behind, the landlord comes to us and we pay them immediately. We then go to the tenant and help them repay the deficit over time. We help make sure their tenancy is secure and work with them to deal with problems in paying rent.

Default
- The landlord tells us that they're unable to collect the rent
Support
- We pay the landlord quickly and directly, keeping them happy
Partnership
- With the tenancy secure, we work with the tenant to pay the deficit over time

What happens next?

As the UK's largest provider, we've supported tens of thousands of tenants

We work with tenants to clear rent defaults in a way they can afford

Nearly all of our tenants stick to the arrangements we make, and now more than ever we work hard to create workable arrangements over time

If we're struggling to work with the tenant, we come to you as the co-signer as a last resort to see if you can help

Throughout all of this, the landlord is always paid and the tenancy is always secure

What is it like being a Co-Signer?

We work very hard to work with the tenant. Our service works because we support the landlord right away and take the pressure off the tenant, but we’re also insured ourselves, so we’re very flexible when it comes to helping tenants repay the deficit. As a co-signer, you really are the last resort and nearly all our co-signers are not needed when we’re supporting tenants.

It’s easy to be a co-signer, too

Verify
- We'll need to verify your ID and relationship to the tenant

Sign
- You'll need to agree to our terms

Accepted
- There are no credit checks, you just agree terms and we accept you

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If I’m going to co-sign, why not just be the guarantor myself?

We don't do credit checks on co-signers, so your credit score is protected - you just need to be employed
We accept co-signers from outside of the UK
If there is a default we pay the landlord, so you don't have to find hundreds or thousands to protect the tenancy
We work with the tenant, you're there as a rarely-used last resort
We're by far the biggest guarantor in the UK and accepted by more accommodation providers than any other person or company

What is Only My Share?

Whether you’re a co-signer or guarantor, you need to make sure you’re protected from housemates’ bills. Only My Share protects you for just £99 per year

Nearly all house or flat shares have 'joint and several' contracts
This means that even if a tenant pays their rent on time, if another tenant defaults then all other tenants are liable
OMS protects against that
As long as the tenant pays their share of the rent we'll accept the liability of housemates who don't.
In a house share of 3 people paying £500 per month, the total liability is £18,000 per year! As long as the tenant pays their rent, we'll pay the landlord for anyone who doesn't.

Find out more about Only My Share

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What our customers say

"It was an excellent experiance. Everything was crystal clear, and the steps are simple to follow. I would want to thank Dinah in particular since when I contacted her to review my application, she was incredibly helpful and quick to complete it."

Iman Albalushi

Tenant

"I've been working with Thomas Poku on a few applications with tenants moving into my properties and even with tenants who struggle with English and understanding forms and what need to be provided Thomas has been able to help guide us through the steps to complete what needs to be done. I will continue to ask for Thomas."

Stanfords Estates Hove

Agent/Landlord

"Hi, I'm going to the UK in August so I have to find a guarantor. Housing hand is the best among many choices for me, They are believable and quick response. last but not least I would like to thanks Sue Churchward, she is one of team housinghandUK she helped me a lot with my accommodation rent process. Best company and staff ever ❤️"

Thapanun Simuang

International WP

Why choose Housing Hand?

As the UK’s largest rent guarantor service, we’ve supported over 100,000 students and professionals from all around the world. With more than 4,000 trusted partners, we’ve guaranteed over £1 billion in rent helping people settle into homes they love.

Here’s why we’re their first choice:

We're the UK and Ireland's leading rent guarantor