Guarantor Service – Who, what and how?
Studying at university is an exciting time, however, the experience of finding and securing a property continues to be one of the biggest problems and financial strain for students. CRM Students is now working in a partnership with Housing Hand a specialist in Guarantor Service to provide our students the safest and most secure payment option.
There are two payment options available at CRM students – full payment or by installment. If you are paying for the full year ahead, you do not need to provide us with a UK Guarantor. If you choose the installment option, we will ask you to provide us with a qualified UK Guarantor, which is a common practice in the UK. This provides us with the security and knowledge that the rent will be paid in full.
Who Can be a Qualified UK Guarantor?
- A resident and ordinary resident of the United Kingdom being Northern Ireland, Wales, Scotland and England. Crown dependency and overseas territories do not qualify as being UK residents. A resident and ordinary resident is someone who has resided within the UK for more than three years and is recognised as a resident and/or ordinary resident for tax purposes with HMRC
- The guarantor must have a fixed address – Proof of address, in the form of a utility bill (less than 3 months old) and photo ID is required
- Must be in full time employment or able to provide evidence that the tenant can be supported by the guarantor should the tenant get into financial difficulty – copies of the past three months payslips and/or a recent bank statement showing available funds
Housing Hand
Housing Hand is an International Guarantor Service who offers this service to all students who cannot provide a suitable or qualified UK guarantor. Housing Hand also specialises in dealing with international students who cannot provide a guarantor in the UK. This means the installment option is now available to international students.
For more information on eligibility and fees, please visit the Housing Hand website. If you have any other queries you can contact Housing Hand directly by email team@housinghand.co.uk, or telephone +44 (0) 207 205 2625.
International Students
You will need a copy of your passport and university acceptance letter (or student card). You will also need a co-signer who will sign the agreement with Housing Hand. This is normally a parent or guardian. The co-signer will need to provide a copy of their passport and proof of address.
UK Students
You will need a copy of your passport and university acceptance letter (or student card). You will also need a co-signer who will sign the agreement with Housing Hand. This is normally a parent or guardian. The co-signer will need to provide a copy of their ID and proof of address.