We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Asked to be student's guarantor - advice please...
Comments
-
When they finally move in to their student house, don't fortget to make sure that there are fire labels on all those items of furniture that require it (sofa, beds etc). Don't accept "the last students must have taken them off" line. Any problems on this, phone the local councils Environmental Health.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
Ed_Jogg wrote:DS has asked me to be the guarantor for his student accommodation next academic year ...
You would be out of your mind. Your liability extends to your own home."Never underestimate the mindless force of a government bureaucracyseeking to expand its power, dominion and budget"Jay Stanley, American Civil Liberties Union.0 -
I would be very worried.
I let out a flat I used to own to my SiL and three of her friends. They trashed the place and two did a runner leaving me out of pocket. Next year I let it to another bunch of students, one of whom was a law student and was a right pain in the !!!! quoting this and that legislation, rent tribunal, etc. Refused to vacate at end of the year and in the end I had to bribe them to get shot and never again would I let to students."A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0 -
WhiteHorse wrote: »You would be out of your mind. Your liability extends to your own home.
Very helpful, thank you.
I heard the other day that it costs £200,000 to bring up a child -- and that figure is unquantifiable too.
Maybe everyone should stop having kids because of the financial risk...
(Pretty much the same logic applied!)0 -
If your children are studying in a city where guarantors are the norm for student lets, you have two choices, support your child or let them flounder.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards