Housing Hand has launched a new rent guarantor scheme to help tenants secure accommodation.
Research by Housing Hand shows that there has been a significant increase in the number of applicants for a guarantor of late, with student applications in particular increasing sharply, owed in part to the fact that rents are rising.
With rising rent prices and deposits, many would-be renters simply cannot afford to put down several months of rent upfront, which is why Housing Hand has launched a service that allows the firm to stand as a tenant guarantor, deigned to encourage landlords to rent to a wider pool of secured tenants.
Jeremy Robinson, group managing director, Housing Hand, commented: “The requirement to pay such large amounts upfront is often dropped if the renter can provide a guarantor for their rent. However, this is often yet another challenge for many of those looking to rent a home in the UK. This is where Housing Hand steps in to help.
“The company provides a rent guarantor service to students and working professionals, helping them to reduce the upfront costs of renting a home. Those coming to the UK from overseas to work or study can also access the scheme, as can workers on zero hours contracts.”
Tenants can take advantage of Housing Hand’s guarantor service, with the option of instalments spread over several months or making a single payment from £295.
Housing Hand then liaises with the landlord, letting agent or university in question to make the relevant arrangements.
Robinson added: “Moving into your own home should be an exciting milestone. We are doing what we can to ensure that people can achieve that dream in the face of increasingly difficult circumstances.”