Fewer Voids, More Choice: Why this Professional Guarantor is Reshaping the Rental Market

Why Landlords and Letting Agents Are Looking for New Solutions?

Letting agents and landlords are navigating one of the most demanding periods the private rented sector (PRS) has seen in years:

  • Rising demand from applicants without UK guarantors or large savings

  • Regulatory change—including restrictions on up-front rent demands and increased scrutiny of affordability

  • Pressure to reduce voids, speed up deals, and improve inclusivity without increasing risk

At the same time, tenant demographics are changing. More renters are self-employed, studying from abroad, in receipt of Universal Credit, or working flexible contracts. Many are excellent tenants—but don’t meet traditional referencing criteria.

🧰 Enter the Professional Guarantor

A professional guarantor is a third-party service that provides landlords with a legally binding guarantee covering unpaid rent and (in some cases) legal costs. Crucially, it allows landlords and agents to consider a broader pool of tenants—without compromising on protection or compliance.

How it works:

  • The tenant applies to the guarantor provider and undergoes affordability and credit checks

  • If approved, the provider contacts the landlord or agent for confirmation

  • A legal agreement is signed digitally by all parties

  • Coverage activates from the tenancy start date

Key advantages:

  • Access to a wider tenant market – Particularly useful in university towns, urban centres, and areas with international or gig-economy workers

  • Reduced voids – Enables deals that would otherwise fall through due to lack of a UK guarantor

  • Speed and simplicity – Most services are fully digital, with fast turnarounds

  • Compliance and legal support – Providers often include support with legal processes such as eviction, if necessary

Professional guarantors are now a well-established part of the UK rental ecosystem. With multiple providers in the market, landlords and agents can choose the solution that best suits their portfolio and tenant types.

📈 What to Look for in a Provider

When considering a professional guarantor provider, agents and landlords should assess:

  • Eligibility – Does it cover the tenant types you typically see (e.g. students, UC claimants)?

  • Coverage level – What amount of rent is guaranteed? Are legal costs included?

  • Speed and process – How quickly are applications approved? Is everything digital?

  • Cost – What’s the fee, and who pays it? Most providers charge tenants directly.

  • Credibility – Is the provider established, insured, and transparent in its terms?

🏷️ A Trusted Example: RentGuarantor

One such provider, RentGuarantor.com, serves over 1,800 letting agents and supports 5,000+ tenancies across the UK. They offer:

  • Coverage up to £120,000 in unpaid rent

  • £10,000 in legal cost support

  • Support for a wide range of tenants including employed, self-employed, students, retirees, and benefit claimants

  • Tenant-funded pricing from £249, with payment plan options

  • A fully digital process—no registration needed for agents or landlords

🛠 How to Recommend a Professional Guarantor

Whether working with RentGuarantor or another provider, the referral process is typically simple:

  • Spot the need early – If a tenant lacks a suitable guarantor or large deposit, suggest a professional guarantor during referencing

  • Direct the tenant to apply – Guide them to the provider’s website to start their application

  • Confirm acceptance – Once approved, the provider will request written confirmation from the landlord or agent

  • Sign and proceed – All parties sign the digital agreement; coverage begins with the tenancy

📣 Final Word

Professional guarantors aren’t just a fallback—they’re a proactive tool that lets agents and landlords:

✅ Accept more qualified tenants
✅ Reduce delays and voids
✅ Stay compliant in a tightening regulatory landscape
✅ Minimise risk without upfront rent demands

They’re simple to use, cost-effective, and increasingly expected by modern tenants.

👉 For more on RentGuarantor, phone 0208 161 0141 or visit rentguarantor.com

 

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