Minimising Losses

You might need a guarantor
so you can rent a place to live.

A guarantor is someone who
agrees to pay if you don't,

they sign an agreement which
confirms their responsibilities

and when they have to pay.
To create secure tenancies,

lenders will either hold some
of your guarantor's savings

in a locked account or take
charge of worried tenants.

Finding your guarantor could be
easier than you think, although

there are times and circumstances
where it may be necessary

to serve as collateral for a loan
or sell your body to science.

Many lenders prefer you to do this
rather than return your deposit.

Written by Rupert M Loydell

Edited by Amy Alford