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Rental guarantor alternatives
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Rental guarantor alternatives

I'm in the process of moving out of my parents place with one of my best pals.

We are in the final stages of securing a nice little 2 bed pad. Great location and logistics. Can't wait to get it sorted.

The last hurdle is that we both need guarantors. I have no issues getting one, but unfortunately he is having great difficulty. His parents financial situation makes them unsuitable and he doesn't have much other family.

I know that's most places need guarantors. However I'm wondering if they is anything we can counter with if I am able to get one and he isn't? I don't want to lose this place.

Perhaps discuss an increased damage deposit? Multiple months up front rent? Some kind of insurance?

All ideas and suggestions welcome.

This is all based on the way things work in the UK.
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