Can my guarantor be retired?
Guarantor to rented accommodation.
Asked on Mar 14 2013,
Renting in King's Lynn |
It depends on the criteria used by the referencing agency. It should be OK, if the criteria is that the guarantor is a homeowner, and the retiree happens to be one.
Answered on Mar 19 2013,
As already mentioned it depends on the reference agency or landlord. They may also look at the income of the retired guarantor. Can they afford to make the payments if you default (ie will their pension cover it and their own living costs).
Answered on Mar 25 2013,
One important factor to note that is most referencing agencies will assess a guarantor in a similar way to the way they assess an applicant. They must have no adverse credit and proof of income. The income to rent ratio will of course be higher than what is required of an applicant and may possibly be the same for independent means.
Answered on Apr 8 2013,
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