Know All About Guarantor for Student Accommodation in Bangor

Finding the right student accommodation in Bangor is not easy, and the need for a guarantor makes this task much more challenging. Every year, nearly 2,000 students travel to this city for their higher education. Most of them choose to live off campus because it helps them to get freedom to explore the city and enjoy their lives. However, they need a guarantor to secure the best student accommodation in UK (Bangor).

In this situation, they connect to the consultants in the market. They guide them to the best ways to get a guarantor abroad and secure the accommodation. Well, if you also have plans to study overseas, then this article can help you in your journey, as it explains everything about a guarantor for student housing.

What Is a Guarantor in Student Housing?

A guarantor is a third-party person (generally your parents or guardians) who is responsible for paying the rent for your housing, in case you fail to pay or cause any damage to the property, which costs more than your security deposit. For students who choose to study abroad, it is essential to have a guarantor sign the legal lease agreement to secure accommodation.

You must note that they are of different types in Bangor. Thus, they are explained below.

Types of Guarantors for Student Housing

There are several types of guarantors for student accommodation in Bangor. Each of them is explained below. You must go through them. It will help you to pick the best one based on the situation.

A) Family Member or Relative Guarantor

These are the most common and reliable guarantors for student housing. Students can ask their close relatives residing in the UK to become a guarantor for their housing. It will also help the landlord to build trust and ensure financial stability to get the monthly or weekly rent.

B) University-Approved Guarantor Schemes

Another type of guarantor is approved. Many institutes in the UK have ties with private guarantors providing services for international students who don't have a UK-based guarantor. They charge a nominal fee and sign the lease papers. Thus, it helps individuals to secure their room and live a reliable life abroad.

C) Professional Guarantor Services

In case a student doesn't have anyone in the UK, then they can connect to Housing Hand or UK Guarantor. They charge a one-time annual fee based on the rent amount and take responsibility for students' rent.

These were the types of guarantors for student accommodation in Bangor. Now, let us move to the next part and understand what to do if they don’t have a guarantor.

What If You Don’t Have a Guarantor in Bangor?

Many study abroad aspirants fail to get the right guarantor for their accommodation. In this case, they can follow the tips mentioned below to secure their housing and live a comfortable life.

Pay Rent in Advance

Many landlords agree to provide you with the living space without a guarantor. You must look for such options and remember to pay the rent in advance or on time for three to six months. It will build trust and improve the bond with the owner. Hence, it will ultimately result in a flexible stay.

Use a Guarantor Service

Secondly, students can use a guarantor service. They are professionally designed to help study abroad aspirants. Although they charge a fee of 3-6 weeks' rent, they provide the best and well-recognised way to meet the requirements of landlords for housing.

Choose University Accommodation

University Housing options are considered the best for student accommodation in Bangor. They offer all the amenities in a diverse community at affordable rent without a guarantor. Individuals who are planning to study in Bangor can opt for this option and enjoy the journey.

Negotiate with the Landlord

Financial conditions are not the same every month. In some cases, students may not be able to afford the rent. That's why the best study abroad experts advise them to make good relationships with the owner and tell them about their financial instability to negotiate rent for a month or two.

These were some key points to follow in case you don't have a guarantor for student accommodation in Bangor. Now, let us move to the next part and look at some expert tips for arranging a guarantor.

Key Tips for Students Arranging a Guarantor in Bangor

Arranging a guarantor is not easy for a study abroad aspirant. Experts know about this problem. So, they guide them to follow the tips mentioned below and make this task easy.

• Firstly, understand the guarantor requirements in Bangor.
• Secondly, utilise professional guarantor services.
• Thirdly, try to find a UK-based individual guarantor.
• Fourthly, gather all the necessary papers.
• Fifthly, understand the legal agreement.
• Last, seek guidance from experts.

Summing Up

To sum up, a guarantor plays the key role in securing the best student accommodation in UK because they take the responsibility of the rent. In cities like Bangor, it is not easy for students to get the right guarantor. So, they visit platforms like Graddinghomes.com. It helps them to explore the maximum living options without a guarantor. Moreover, they provide you with a patron to secure your favourite housing. Thus, it makes the task easy and assists the students in living a happy life abroad.