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You’ve been asked to be a co-signer, what does that mean?

When we provide a guarantee to a tenant, we need someone else we can contact if something goes wrong. That’s you. You can find out what that means below.

On this page you’ll find out about being a co-signer with us, but also information on joint tenancies and how to protect yourself and the tenant

UK Guarantor

Only My Share

How does the service work?

The guarantor service is where we act to guarantee a tenancy. If the tenant falls behind, the landlord comes to us and we pay them immediately. We then go to the tenant and help them repay the deficit over time. We help make sure their tenancy is secure and work with them to deal with problems in paying rent.

Default

The landlord tells us that they're unable to collect the rent

Support

We pay the landlord quickly and directly, keeping them happy

Partnership

With the tenancy secure, we work with the tenant to pay the deficit over time

What happens next?

As the UK's largest provider, we've supported tens of thousands of tenants
We work with tenants to clear rent defaults in a way they can afford
Nearly all of our tenants stick to the arrangements we make, and now more than ever we work hard to create workable arrangements over time
If we're struggling to work with the tenant, we come to you as the co-signer as a last resort to see if you can help
Throughout all of this, the landlord is always paid and the tenancy is always secure

What is it like being a Co-Signer?

We work very hard to work with the tenant. Our service works because we support the landlord right away and take the pressure off the tenant, but we’re also insured ourselves, so we’re very flexible when it comes to helping tenants repay the deficit. As a co-signer, you really are the last resort and nearly all our co-signers are not needed when we’re supporting tenants.

It’s easy to be a co-signer, too

Verify

We'll need to verify your ID and relationship to the tenant

Sign

You'll need to agree to our terms

Accepted

There are no credit checks, you just agree terms and we accept you

If I’m going to co-sign, why not just be the guarantor myself?

We don't do credit checks on co-signers, so your credit score is protected - you just need to be employed
We accept co-signers from outside of the UK
If there is a default we pay the landlord, so you don't have to find hundreds or thousands to protect the tenancy
We work with the tenant, you're there as a rarely-used last resort
We're by far the biggest guarantor in the UK and accepted by more accommodation providers than any other person or company

What is Only My Share?

Whether you’re a co-signer or guarantor, you need to make sure you’re protected from housemates’ bills. Only My Share protects you for just £99 per year

Nearly all house or flat shares have 'joint and several' contracts
This means that even if a tenant pays their rent on time, if another tenant defaults then all other tenants are liable
OMS protects against that
As long as the tenant pays their share of the rent we'll accept the liability of housemates who don't.
In a house share of 3 people paying £500 per month, the total liability is £18,000 per year! As long as the tenant pays their rent, we'll pay the landlord for anyone who doesn't.

Find out more about Only My Share

What our customer say

We work hard to be the best rent guarantor service around, doing everything we can to help our customers. But everyone’s story is different, so hear from our amazing community about their guarantor experience.