Post-pandemic teamed with the cost of living crisis has meant that securing a rental property is extremely difficult for everyone. Average monthly rent in England between April 2021 and March 2022 was £795 – which is higher than at any other point recorded in history, according to the Office for National Statistics. This makes the thought of finding a new property for many renters an extremely daunting process. But it’s not only the tenants that are affected, after COVID, Landlords are also feeling the knock on effects and are looking for extra security.
Thats why 2022 is the year of the rent guarantor, and Housing Hand is here to help both renters and landlords have more security and peace of mind in the renting process.
How much does a rent guarantor cost?
In 2022 rent guarantor services are cheaper than ever, and finding a guarantor costs less than you think. If you’re a student or professional looking at moving into a home, you can split Housing Hand’s fee over 12 months for as little as £31 a month. All you need to do is pay a £10 processing fee and you won’t need to pay anything else until you move in. By using a rent guarantor service, you’ll save money instantly by not having to pay any up front costs on deposits, or rent in advance – leaving more savings for your bills and other expenses.
Why are Rent Guarantors so popular in 2022?
In 2022 both tenants and landlords are looking for financial security. By using Housing Hand and securing a rent guarantor, you are protecting yourself against the up and coming financial uncertainty. By securing a rent guarantor, you’re covered in the future if you are unable to pay rent for any reason, or are lumbered with unwanted costs at the end of your tenancy agreement. Everyone needs to save money in 2022 and Housing Hand’s service is a small and affordable fee to pay to ensure less risk in the future.
In addition to saving money and having security in your rental, Housing Hand also offers a free house finder service to all of its customers. Finding accommodation is extremely hard due to increasing prices and lack of choice – but Housing Hand have spent over 10 years building the biggest network of accommodation providers. If you’re struggling to find somewhere to live, our free tool means that you can find your home and apply for a guarantee at the same time – making the process much easier.
If you’re struggling to find a home in 2022 and are looking for a rent Guarantor, get in touch with Housing Hand or start our easy application process today. We’re always here to help, and are connected to a wide range of agents and properties across the UK and Ireland so you can find home and your UK guarantor all in one place. Find out more about our House Finder tool here or start your application for a UK Guarantor here.