What does ‘No UK Guarantor Required’ mean?
When it comes to finding suitable accommodation as a student in London, one term you might come across is ‘UK Guarantor.’ Whilst this phrase may initially seem confusing or even intimidating, it's actually a straightforward concept that many international students encounter when trying to secure a place to live.
Within this article, we will provide a comprehensive explanation of the term ‘no UK guarantor’, its significance in securing accommodation, and the reason why Student Luxe strives to alleviate any concerns associated with it. By the end, you'll understand what ‘UK guarantor’ entails and feel confident in effortlessly booking an apartment through our services without the need for one.
What is a Guarantor?
Before delving into the specifics of a UK guarantor, let's first understand what a guarantor is in general. A guarantor is an individual or organisation that takes on financial responsibility for someone else, typically in the context of rental agreements. When renting a property, landlords often require a guarantor as an added layer of security in case the tenant is unable to meet their financial obligations.
The Role of a UK Guarantor
In the UK, landlords often require a UK-based guarantor for student accommodation. A UK guarantor is usually a resident of the United Kingdom who agrees to pay the rent on behalf of the student if they fail to do so. Having a UK guarantor provides landlords with reassurance that the rent will be paid even if the student encounters financial difficulties.
The Challenge for International Students
For international students coming to London, the requirement of a UK guarantor can be a significant hurdle. It can be challenging to find a UK-based individual who is willing to act as a guarantor, especially for students who have no relatives or acquaintances in the country. This requirement can cause unnecessary stress and hinder the accommodation search process.
‘No UK Guarantor’
Unlike other student accommodation providers that typically require a UK guarantor, we don’t require one and believe that renting a place shouldn't be a daunting task, especially if it's your first time away from home. At Student Luxe, we understand the unique challenges faced by international students when it comes to securing accommodation. That's why we’re happy not to require a UK guarantor which is a benefit to those students arriving from overseas.
What’s unique about Student Luxe?
With Student Luxe, you won't be burdened with the hassle of finding a UK guarantor or providing numerous references from former landlords or employers. Our streamlined approach allows you to simply pay the first week's rent to book your apartment and you then have the flexibility to choose from 1, 2, or 3 instalment payments over the course of the year, without the requirement of paying everything upfront or providing any form of guarantor.
With our friendly service, you can feel confident knowing that your payment is secure and that our dedicated team will ensure that all buildings are professionally managed and fully serviced. From the minute you enquire about a student apartment to when you eventually move in, we’re here to help you have a worry-free living experience and have a truly memorable time in your new city.
