Retired Guarantor

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    Retired Guarantor

    Hi All,

    New to this. I am hoping to rent a property soon but know I am going to need to ask my dad to be a guarantor.

    He is retiring at the the end of the month and will be receiving a full pension. I was wondering will he be accepted if he is retired?

    Thanks

    John

    #2
    The main criteria for a guarantor is usually that they own a property and pass a credit check.
    I wouldn't mention that the guarantor is retired unless asked.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

    Comment


      #3
      Guarantor acceptability is entirely up to landlord/agent. Some check (variable checks) some don't. See how it goes. Personally I'd be happy with a retired property owner: "Full pension": Is that full state pension (not a huge amount) or state pension plus private pension(s)?

      Artful: Age 71, 5 pensions including state pension.
      I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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