Letting property today isn’t quite as straightforward as it used to be.
Tenant profiles are changing, demand is high, and expectations (on both sides) are evolving day to day. Many landlords want to say yes to more tenants, but understandably need reassurance that rent will be paid and the tenancy will run smoothly.
That’s where a rent guarantor service comes in.
Rather than being a “last resort”, it’s increasingly becoming a simple, everyday tool that helps landlords protect their income, reduce stress, and open the door to more tenants - without taking on additional risk.
1. More security, less stress
By facilitating the entire rental process between the landlord and the tenant, we streamline it and do the difficult bits, so you don’t have to.
2. Landlords won’t lose any rent
At no added cost to the landlord, we eliminate the risk of rent loss completely, meaning that both parties are covered. When tenants choose to use us, landlords are guaranteed the full rent obligation under the tenancy agreement.
3. Help with finding new tenants
Our free house finder service will help you to fill rooms quickly and find replacement tenants, meaning that landlords are not left out of pocket.
4.Increased occupancy
By using the free house finder service combined with Housing Hand we are able to provide Landlords with a larger pool of creditworthy applicants, increasing the chances of acquiring an occupant.
5. Your disputes will be resolved
By acting as a guarantor, Housing Hand is happy to mediate any disputes and ensure that any issues are resolved quickly, meaning that the stress and hassles are taken off of the landlord’s plate.
How does a rent guarantor service like Housing Hand work for landlords?
At Housing Hand, we work closely with landlords and act as their UK-based guarantor. If the landlord has a prospective tenant who requires a guarantor to rent, they simply need to point them in the direction of our service. After confirming they are eligible, they’ll receive a quote for the rent guarantor service in minutes. The service is completely free for landlords, and the one-off fee incurred for tenants at the beginning of their tenancy is affordable, and can be paid by splitting the cost out over a period of months if necessary.
Alongside making the process of finding and occupying a new tenant incredibly easy, Landlords can also have peace of mind that Housing Hand is bound for a fixed term of the tenancy so there is no backing out. Covering all customer’s tenant liabilities that are detailed in the tenancy agreement, Housing Hand’s guarantee makes sure that if a tenant defaults on something, landlords are able to invoice the details and expect their payment within 28 days. This in turn means that landlords will no longer need to turn away valid tenants due to a lack of supplying a qualifying UK-based guarantor. It also guarantees stability for tenants, resulting in a winning solution for both parties.
If you are a landlord renting a property and are looking to let to students or working professionals who may be eligible to use the Housing Hand service, get in contact. Book in a chat with a member of our team here to find out more, or point the letting agent or tenant towards our service. Alternatively, our knowledge base has plenty of information to answer frequently asked questions.
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