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  • Buy-to-Let

    Guarantor forms

    Hi all

    Anyone have a guarantor form template that I could use??

    cheers
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    are you san NLA member? you can dowload one from there.

    Phil Stewardson.
    Stewardson Developments Ltd
    http://www.stewardson.co.uk
    Follow me on twitter - @philstewardson
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    Phil Stewardson.
    Stewardson Properties.
    Stewardson Developments Ltd.
    Burson Land Ltd.
    http://www.stewardson.co.uk
    Follow me on twitter - @philstewardson
    Like Phil said. The benefit of using a form from a Landlord Association like the NLA is the forum will be kept up to date. Changes in the law will be factored in.
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    John Corey

    
Share your questions, learn from mistakes & crowdsource answers to your questions -> http://www.propertyfortress.com/community/
    Follow me on Twitter-> www.twitter.com/john_corey
    My blog -> www.PropertyFortress.com/blog
    RE investing discussions happening monthly in London, 2nd Tuesday of the month -> meetup.com/real-estate-advice
    We sell these and 33% of the sale price is donated to MacMillan Cancer Research.
    The product is instantly downloadable and as well as the 'regular' guarantee, we do a version for student lets and similar where the guarantor only covers their own tenants debts.
    Both precedents are written by a fully qualified legal executive.

    http://www.tenancyservices.co.uk/collect...-guarantee
    here endeth the advert.
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    RLA have both Limited Deed of Guarantee and Unlimited Deed of Guarantee ready to download on website, only £85 for annual membership. Which includes this document and many more.


    If your looking for a free one, then I did a quick search of google and these came up. Perhaps you can bastardise them to make your own:
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    (16-08-2012 06:03 PM)mike_jones Wrote:  Hi all

    Anyone have a guarantor form template that I could use??

    cheers

    Yes, I could send you one if you let me have an email address. I can't find a way to attach it to an email or pm from this platform
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    .
    The profit of knowledge is in its application
    TumiHawkins.com
    (16-08-2012 06:03 PM)mike_jones Wrote:  Hi all

    Anyone have a guarantor form template that I could use??

    cheers
    If you're talking about a Deed of Guarantee (the contract) then the others have already answered your question.
    If you're looking for a guarantor application form then here's a copy of ours, in Word format so you can edit as you see fit. It's arranged so that you just need to send a scan of the last page to employers etc. when seeking references.
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    [Image: 75pxLogo.jpg] http://www.brumhomes.co.uk Local to Birmingham/Solihull? Join our Facebook private rentals group: https://www.facebook.com/groups/RentalBhamSol/ Twitter: @RentalBhamSol

    (17-08-2012 06:16 PM)lynne_davis Wrote:  
    (16-08-2012 06:03 PM)mike_jones Wrote:  Hi all

    Anyone have a guarantor form template that I could use??

    cheers
    If you're talking about a Deed of Guarantee (the contract) then the others have already answered your question.
    If you're looking for a guarantor application form then here's a copy of ours, in Word format so you can edit as you see fit. It's arranged so that you just need to send a scan of the last page to employers etc. when seeking references.

    The Brumhomes template is MUCH more in-depth than the NLA version, which is very brief and doesn't ask for quite a lot of info that the Brumhomes one does such as NI number, employer info, previous addresses etc. I'm wondering though if my student guarantors would be happy to fill in the Brumhomes version vs. is the NLA version thorough enough?!
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    (17-08-2012 06:56 PM)adamb614940195 Wrote:  
    (17-08-2012 06:16 PM)lynne_davis Wrote:  
    (16-08-2012 06:03 PM)mike_jones Wrote:  Hi all

    Anyone have a guarantor form template that I could use??

    cheers
    If you're talking about a Deed of Guarantee (the contract) then the others have already answered your question.
    If you're looking for a guarantor application form then here's a copy of ours, in Word format so you can edit as you see fit. It's arranged so that you just need to send a scan of the last page to employers etc. when seeking references.

    The Brumhomes template is MUCH more in-depth than the NLA version, which is very brief and doesn't ask for quite a lot of info that the Brumhomes one does such as NI number, employer info, previous addresses etc. I'm wondering though if my student guarantors would be happy to fill in the Brumhomes version vs. is the NLA version thorough enough?!

    It's my own concoction, based on the Landlordzone & Guild of Residential Landlords ones iirc, and incorporating other recommendations that I read on forums. My guess is that most student guarantors probably won't have had to fill in a guarantor application form before and will give you whatever info you ask for. You need to be able to satisfy yourself that they can afford to act as guarantor, and it's helpful to be able to check with their employer that they do actually have a steady income. If you do end up needing to pursue them for damages then having all this info could make it a lot easier!

    Like I say, you're welcome to edit it for your own purposes if you think the NLA one isn't quite enough but mine is a bit too much - but please take the BrumHomes logo off it!
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    [Image: 75pxLogo.jpg] http://www.brumhomes.co.uk Local to Birmingham/Solihull? Join our Facebook private rentals group: https://www.facebook.com/groups/RentalBhamSol/ Twitter: @RentalBhamSol

    Thanks all for the quick responses, managed to get one adjusted to my needs again many thanks

    Regards Mike
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    (18-08-2012 11:33 AM)mike_jones Wrote:  Thanks all for the quick responses, managed to get one adjusted to my needs again many thanks

    Regards Mike

    Please ensure that whatever form you use can actually be enforced in a court of law. As well has having watertight wording (see a solicitor) it will have to be executed as a deed to have any value.
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