Many letting agents will have had experience of turning away tenants because of a lack of a qualifying guarantor. Whether it's an international student or Professional, or someone with an unlucky credit history, not having a guarantor halts negotiations.
This where Housing Hand can help: Our rent guarantee service provides an insured UK based guarantor for all types of tenant, both UK and International. This means your monthly rent will always be paid at no cost to you for the service.
As the number of potential tenants in the UK without a qualifying guarantor rises, Housing Hand's service becomes ever more relevant. The number of international students in the UK now exceeds 425,000. Understandably, many of these students have no contacts within the UK to act as a guarantor, Housing Hand's service allows you to let to international students without risk or additional admin thereby increasing your pool of potential tenants by close to half a million.
According to the NALS, the proportion of adults aged 25-34 renting privately has risen from 31% to 45% in four years and this is only set to increase. Many of these will not have a guarantor for the reasons stated above.
By using the Housing Hand guarantor service, you'll never have to turn away another tenant due to a lack of guarantor. With Housing Hand's guarantor service you have security and cover if that tenant can't pay - no matter what type of tenant (international students, UK students, university graduates, employed non-UK residents and self-employed individuals).
We also provide you with the peace of mind and security that comes with knowing that your tenant's rent is covered and that Housing Hand's liability is in turn backed by an A* Insurance company.
This allows you to protect your landlord's income, reduce time spent dealing with rent arrears and administration, reduce your risk and tenants will no longer be put off by the request of multiple months' rent in advance. The service is simple to use and will help you to attract significantly more business as a result.
To find out more, click here.
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