If you have international student who do not have a UK-based guarantor, they can still rent through SPCE platform without having to pay their entire rent up front.
Please note that the scheme is only open to international students renting through a platform powered by SPCE at this stage.
Frequently Asked Questions
What does the scheme cover?
The scheme covers rent arrears only.
The guarantee is only applicable to Assured Shorthold Tenancies.
YourGuarantor are able to guarantee rent per person up to a maximum of £1500 per person per month.
How much does it cost?
YourGuarantor guarantee will cost you a percentage of the value of your tenancy / lease – 3.5% for Overseas/EU students
You can estimate the cost using the calculator on the YourGuarantor website.(Value of the lease = monthly rent x number of months of the lease). In shared accommodation, this will equal the individual students’ share of the value of the lease.
How does it work?
The scheme will be administered by YourGuarantor.
Apply online at www.yourguarantor.com.
Applications will be subject to approval by YourGuarantor & your proposed landlord.
Confirmation of acceptance will be emailed to you.
A certificate of the guarantee will be available online once you have paid the fee.
You will notify the landlord as soon as you become aware of any circumstance, or potential circumstance, which could affect your ability to satisfy your responsibilities under the proposed tenancy agreement.
You undertake to cooperate with YourGuarantor as required in order to minimise their liability under any Guarantee that they provide on your behalf and understand that this may mean vacating the rental property if the rent is in arrears.
You are not aware of any current circumstance that would prevent you from satisfying all your responsibilities, as set out in the proposed tenancy agreement.
You understand that, although YourGuarantor will act as Guarantor, you will remain liable for any losses, damages, expenses and/or costs that the Landlord would normally be entitled to recover.
You understand that any rent paid out on your behalf or additional costs incurred by YourGuarantor under any Guarantee they may provide on your behalf shall remain your responsibility until settled in full.
You understand that YourGuarantor may, at their own discretion, appoint a third party to recover any losses on its behalf.
You understand that by accepting the Guarantee offered by YourGuarantor, you are confirming acceptance & understanding of the responsibilities set out in these commitments.
Please contact email@example.com or 01384 885152 if you have any questions. Further details are also available via the Your Guarantor website.