1 minute read
References and guarantors
You will need a reference in order to let a property. Most students have yet to build up a credit history to provide the kind of references required by agents. Some agents may settle for a letter from a previous landlord or employer, or a bank statement showing proof of funds and written proof that you are an enrolled student. If not, the agent or landlord may ask a parent or guardian to act as your guarantor (this person must be UK-based).
WHAT IS A GUARANTOR?
A guarantor is someone willing to be responsible for payment of your rent or damage if you don’t pay it. Remember, you and your flatmates will all be liable as well as your guarantors.
If you do not have a UK-based guarantor, the agent or the landlord could ask you to pay more rent in advance. It is common to pay between 3 and 6 months rent in advance when you don’t have a guarantor. We would advise not to pay more than 6 months.
RENT GUARANTOR SCHEME
The College can act as a legal guarantor for students renting in the private sector who are not able to provide a suitable UK guarantor.
The scheme is managed by the Student Accommodation Office, and will allow successful applicants to rent any property up to a maximum weekly allowance.
Please visit our website to check if you are eligible and read our full terms and conditions.
bit.ly/imperial-rent-guarantor
Please note a £60 inc. VAT administration fee applies per submitted application.