Does a guarantor need to be a homeowner?

In most cases, yes, a guarantor is required to be a UK homeowner.  

Many landlords and accommodation providers insist on this because, in the event of missed rent payments or damages, they need reassurance that the guarantor has sufficient financial stability.  

A UK homeowner is generally considered more reliable, as they have tangible assets that can be used to cover any outstanding costs. 

If you don't have a UK homeowner guarantor, Housing Hand can stand as your rent guarantor, making it easier to secure your accommodation.