Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Rent-in-Advance Ban Linked to Increase in Guarantor Requests
A recent report highlights a rise in requests for guarantors from tenants following the introduction of the Renters’ Rights Act. Many tenants were unfamiliar with the concept of a guarantor before being asked to provide one.
According to Property118, more than a third of tenants (37%) did not know what a guarantor was before being asked to provide one. The findings are based on Housing Hand’s Understanding Renters in 2026 report.
The report also states that 31% of renters only discovered they needed a guarantor after finding a property they wanted to rent. This trend has emerged as the Renters’ Rights Act has led to an increase in guarantor requests.
For UK letting agents and inventory clerks, these findings highlight a shift in tenant requirements and awareness. The increased reliance on guarantors may affect the rental process and the information that needs to be communicated to prospective tenants.
Source: Property118