UniAcco helped Raskar figure out how guarantors work and what his options are.
This included:
- Explained to him that when a guarantor is required, that is when you pay rents in instalments
- Helped him explore the third-party guarantor services
- Showed him properties which offer an instalment service without a guarantor, like The Park, Oxford
- Answered all his guarantor-related queries with 24×7 support
With this help, Raskar could plan his booking without confusion.
Problem Context
A guarantor promises to pay your rent if you can’t. Many UK student accommodation providers ask for a guarantor, especially if you want to pay your rent in instalments instead of all at once. But most international students don’t have a UK-based guarantor. This makes the entire booking process feel stressful. Students worry that not having one will affect their rent or booking.
Student Constraints
In Raskar’s situation:
- He is an international student
- He does not have a UK-based guarantor
- He is going to pay rent in instalments
- He is unsure about his options
These concerns are very common for students.
How Guarantor Requirements Usually Work
Guarantor rules depend on the accommodation provider.
Some common things include:
- If you are paying rent in instalments, having a guarantor is a must in this case
- UK properties prefer having a UK-based guarantor
- Certain student accommodations accept international guarantors
- Without a guarantor, students need to pay the entire rent amount upfront
Important Variation to Understand
Guarantor rules can be different for each property.
Some common differences include:
- Some places accept international guarantors, others don’t
- Some accommodations allow third-party guarantor services
- Housing policies depend on the property and tenancy terms
Because of this, it depends on the property and its policies.
Practical Step-by-Step Guidance
Before booking, students should:
- Make sure to check if a guarantor is required in your case
- Ask your accommodation providers if international guarantors are accepted
- Explore third-party guarantor services
- Check if a full upfront payment is needed
- Read the property details carefully
This can help you choose the right option.
Key Responsibility to Remember
If you plan to pay your rent in instalments, you must have a UK-based guarantor or use a guarantor service. Guarantor services have charges, so it’s important to check the terms and conditions before you book. This helps you plan your budget better and avoid any confusion later.