A family member is applying for a Rentmigo guarantee and has asked you to support their application. Here's what that means for you.
What you're being asked to do
Provide a copy of your photo ID and your bank statements for the most recent 3 consecutive months, as original PDFs. Your savings help show that the rent can be afforded.
What you're not being asked to do
You're not becoming a guarantor. You don't sign any agreement, and you're not responsible for paying the rent. Rentmigo is the guarantor.
Who sees your information?
Only Rentmigo, for the purpose of assessing the application. The landlord and letting agent never see your bank statements or ID.
What happens next?
Once we've assessed the application, the tenant is told the outcome. If it's approved, nothing else is needed from you. If we need anything further, such as a more recent statement, we'll let the tenant know.
Can I change my mind?
If you'd like to withdraw your support before the application is decided, let us know at support@rentmigo.co.uk. This may affect the tenant's application, so we recommend speaking with them first.