Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.

Northumberland Council Funds Guarantor Insurance for Private Tenants

Northumberland County Council is paying for guarantor insurance to help tenants secure homes in the private rented sector. The scheme is aimed at potential tenants who can afford a tenancy but are unable to provide a qualifying relative or other person to act as their guarantor.

According to Property118, the council will fully fund guarantor insurance for applicants who meet the scheme’s requirements. This initiative is designed to assist those who may otherwise struggle to access private rented accommodation due to the lack of a guarantor.

For letting agents and inventory clerks, this scheme may help broaden the pool of eligible tenants, particularly those who are financially able to pay rent but do not have access to a suitable guarantor. The council’s involvement in funding guarantor insurance could also streamline the referencing process for agents and landlords.

Further details about the scheme, including eligibility criteria and application processes, are available in the original Property118 article.