Housing Hand Guarantor Service: In Partnership with Prime Student Living
Prime Student Living understand that arranging finance to fund your education can be stressful. Therefore we have partnered with Housing Hand to provide an alternative way to fund your education.
There are two payment options available at Prime Student Living - full Payment or by instalment. If you are paying for the full year ahead, you do not need to provide us with a UK Guarantor. If you choose the instalment option, we will ask you to provide us with a qualified UK Guarantor, which is a common practise in the UK. This provides us with the security and knowledge that the rent will be paid in full.
Who can be a qualified UK Guarantor?
A resident and ordinary resident of the United Kingdom being Northern Ireland, Wales, Scotland and England. Crown dependency and overseas territories do not qualify as being UK residents. A resident and ordinary resident is someone who has resided within the UK for more than three years and is recognised as a resident and/or ordinary resident for tax purposes with HMRC.
The guarantor must have a fixed abode – Proof of address (less than 3 months old) and photo ID is required
Must be in full time employment or able to provide evidence that the tenant can be supported by the guarantor should the tenant get into financial difficulty – Please provide photo ID and a utility bill showing proof of address.
If you cannot provide us with a qualified UK Guarantor you can use our partner Housing Hand.
Is an International Guarantor Service who provides a UK Guarantor service to all students who cannot provide a suitable or qualified UK guarantor.
For more information on eligibility and fees, please look at the FAQ's below or visit Housing Hand website www.HousingHand.co.uk. If you have any other queries you can contact Housing Hand directly by email firstname.lastname@example.org, or telephone 0207 205 2625.
The Prime Student Living Online Booking Form
Click 'Book now' on the property you wish to stay in and then start the booking information process.
If you choose to pay by instalments using the Housing Hand service. Select either ‘3 Instalments’ or ‘8 Instalments’ on the booking form.
Enter the information below on the booking form:
Guarantor First Name: Housing
Guarantor Last Name: Hand
Street Address: 3rd Floor, 37 Golden Square Soho, London
Post Code/ Zip Code: W1F 9LB
Date of Birth: 1 February 2013 or any other date
Country: United Kingdom
Mobile No: 00442072052625
Upon completion of the booking with Prime Student Living, the student will be required to apply to Housing Hand separately on the www.housinghand.co.uk/apply page.
Once the student finalises their application with Housing Hand, our officers will contact the relevant Prime Student Living offices and sign the student’s guarantor deed.
Why do I need a Guarantor?
All students who wish to pay their rent by using an instalment plan are required to provide a qualified UK Guarantor. This provides us with the security and knowledge that the rent will be paid in full if you were to default on payment.
What does being a Guarantor mean?
By agreeing to be a Guarantor you are signing a legal document stating that you agree to pay the rent and guarantee the behaviour of the resident if they default. Please do not sign this agreement if you do not wish to take on this responsibility.
Can you explain more about the relationship between Housing Hand and Prime Student Living?
Housing Hand works in partnership with Prime Student Living to stand as your UK rental guarantor. Prime Student Living requires all students to have a guarantor if you are not able or willing to pay your rent in full for the year. If you choose the instalment plan option and can provide your own UK guarantor, providing they qualify, then you do not need to use Housing Hand. If you choose the instalment plan option and cannot provide a UK guarantor, then Housing Hand will be able to provide this service for you.
I am an International Student and do not have a UK Guarantor
Housing Hand specialises in working with international students and will be able to act as your UK Guarantor. For any further queries you can contact Housing Hand directly: www.housinghand.co.uk Tel: 0207 205 2625 Email: team@HousingHand.co.uk
How do I apply for The Housing Hand Guarantor Service?
You can apply for the guarantor service online at www.housinghand.co.uk
How much does the service cost with Housing Hand?
Housing Hand charges a one off fee for The Guarantor Service of 80% of a month's rent. Up to 45 per cent of this is returned to you at the end of your tenancy (first year 15%, second year 30% and third year 45%), subject to the length of your tenancy, terms and conditions apply.
Am I eligible to apply for The Service with Housing Hand?
Housing Hand require that you provide the following documentation to be eligible for The Guarantor Service:
For International Students:
A copy of your passport and university acceptance letter (or student card). You will also need a co-signer who will sign the agreement with Housing Hand. This is normally a parent or guardian. The co-signer will need to provide a copy of their passport and proof of address.
For UK Students:
A copy of your passport and university acceptance letter (or student card). You will also need a co-signer who will sign the agreement with Housing Hand. This is normally a parent or guardian. The co-signer will need to provide a copy of their ID and proof of address.