Being a guarantor for a family memeber for a rented flat

Primrose2004

PasturesNew wrote: »

Worst case scenario: brother-in-law and gf split up 2 weeks after moving in, BIL stops paying his half the rent, gf also stops paying her half. Then the LL comes after you. But gf moves in bf2, who deals crack - and has his mates over most nights, spilling stuff on the carpets, breaking random items through clumsiness. LL comes after you.

Just lie, say you'd need to be credit checked and right now you know you'll fail, so they're better off asking somebody with good credit. Make out there's some banking error/problem and you've been refused stuff already yourself, so if the LL got a bad report back he might not want them.

Either lie, or accept the fact you could end up with a £10k bill. So, can you lie convincingly for £10k? I know I could!

:rotfl:that made me chuckle. I will be drafting an email in a bit with some wonderful excuse.... any suggestions!?

poppysarah

Primrose2004 wrote: »

sorry i forgot to add, also might be twitchy as I just found out brother in law was made bankrupt and gf has ccjs:eek: but how can we say no?

Say you can't.

Pretend you won't pass a credit check.

Primrose2004

Here's my email, i'm going for the honest approach as I had said we probably would pass a credit check so don't want any lies coming back to bite me in the ar&@! I just hope they understand:( I haven't sent it yet so if it's a bad idea please let me know

Hiya, I’m really sorry but we’re not going to be able to be guarantor. I called the agent to ask who can do it and I can’t as I’m not employed full-time and it’d have to be OH. But the thing is we don’t have any savings or any financial back-up so if anything did happen, and I know we can all say it won’t but you just don’t know, then if they come after us for the money we’ll be in trouble as we couldn’t pay for it. Then there’s a chance we could be hit with a ccj or whatever and that screw up things for our future and at the moment with our finances being very tight we can’t chance messing anything up. And I don’t want the chance of anything happening and it messing up things between us all, and it does happen, a lot.

I hope you both understand, it’s not that we think you’ll run off on purpose but things happen without anyone wanting them to.

themull1

Thats good, i would never be a guarantor for anyone, you just never know whats going to happen, and how much money you could end up owing, its a good email.!!

Primrose2004

i've sent it. Why do I feel so bad?

I just spoke to a friend who works in a bank and she said don't do it as she's seen it go wrong too many times at work.

That's 100% agreement from everyone i've asked saying not to do it.

Thank you all again for your help.

poppysarah

Primrose2004 wrote: »

i've sent it. Why do I feel so bad?
.

relax.

If they fall out with you over you saying no, then it goes to show it was the best thing to say.

hbk619

bristol_pilot wrote: »

Just say no. It is perfectly possible for students to rent without guarantors. It will most likely cost you thousands and you will never see your money again. Plus a big family bust-up. Don't do it.

How??? I hate talking to my dad (only person I know who could be a guarantor) and it went very wrong last time. Moved in with a friend of a friend who's family was supposed to be rich but when he stopped paying rent they were suddenly broke...

I've been told I have to earn 3 times the monthly rent on the place. Even as a placement student I'm not on the £1800pm that would require.

But you did the right move OP, don't guarantor your brother in law.

Primrose2004

I know we did the right thing but I feel awful and it's kept me awake. they haven't replied to my email. I just hope they find someone else who can do it. If we could we would but we're not able to. I have been honest, I can't do anymore.

My trouble is I always see the good in people, think it won't go wrong but the reality is that this could blow up spectacularly. I always want to help but this is not just giving someone a hand this is a mssive deal which we can't committ to.

I hope they understand.

[Deleted User]

There are plenty of landlords that will not require a guarantor when renting to students - not every student has someone to hand who's willing or able to put themselves in that position. The first-time I required a guarantor was while I was in my first job after graduation, and I rented for the entire period of my degree without problem.

What will most likely happen is that they will not be able to rent the particular place they want to rent through that particular letting agent/landlord.

If they are still struggling to find anywhere, they need to contact the accomodation office at their Uni who will have advice and information for them, and the possibility of Uni accomodation. The Uni welfare office might also have information, or they can direct to sources of information.

Where are they currently living? Can they not stay where they are?

neverdespairgirl

It is very circumstance-specific.

OH and I acted as guarantor for OH's younger brother. Their parents are dead, and brother was a student, so needed a guarantor, despite the fact that he was tens of thousands in the black. We weren't owners, though, we were tenants too.

In our circumstances, and his, we were happy to do it. But you shouldn't ever feel you have to.