Renters Rights Act leads to “phenomenal” surge in rent guarantors
The article reports a sharp increase in rent guarantor applications following the first three months of the Renters Rights Act, with one supplier citing a 50% rise. It says landlords are using guarantors more often because they can no longer request more than one month’s rent upfront, while guarantor firms are also helping with KYC-related checks such as sanctions, PEPs and income verification.
