Updating post from Reddit.

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Posted by xfluroxx 1 week ago
guarantor affordability

Hi! (Tenant) I had a question if possible. I am going through referencing currently with my partner. Our first guarantor failed and so we have to use another. The letting agent said the income for the guarantor needs to be £27k annually. The new guarantor earns £41k annually however, for 2-3 months at the end of last year he was on £1k less pay (£1400 instead of £2400) due to sickness. He is now back on full pay, and has been since December. They are going to use open banking for the reference, will this pass even with the shortfall of £2-3k as long as it’s over the £27k or will this impact it? Thank you!

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Posted by PayApprehensive6181 1 week ago

No, you're good. As long as they don't have ccj etc.

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Posted by xfluroxx 1 week ago

Thank you! No CCJ’s or any adverse credit! :)

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