YourGuarantor Scheme

Newcastle University Students’ Union have introduced the YourGuarantor Scheme to support students who don’t have access to a UK based guarantor when renting in the private sector. This is a resource which will significantly benefit our students who are usually expected to pay for their rental accommodation up front. At NUSU, we want to help our students with a reputable and reassuring partner, one that has established official relationships with various other UK universities; and who are authorised and regulated by the Financial Conduct Authority. YourGuarantor acting as the students’ guarantor is a fantastic option which will mean students won’t have to pay for their rent upfront, which has created barriers for many students in the past'?

General Info

Before you move into private accommodation, most landlords or lettings agencies will ask you for a guarantor. This is someone who will pay your rent if you fall into debt whilst studying at Newcastle University.

Newcastle University and YourGuarantor have partnered up to provide a UK guarantor for students who qualify.

YourGuarantor can do this under the below tenancy conditions:

  • 1. Covering a maximum of £1500 per person, per month rent, no other debts
  • 2. Assured short hold tenancies (a typical type of tenancy in the UK)


The Cost

To act as your guarantor, YourGuarantor will charge you a percentage of the value of your tenancy or lease: 1. 3.5% for overseas or EU students OR 2. 5% for UK students. 3.5% of a £95 per week rent = £173. Once you have registered on the YourGuarantor page and before you apply, you will be able to access an online calculator to see how much it will cost you.

Before you apply you must:

  • 1. Not be in a situation that would affect you paying your rent on time
  • 2. Understand that you are responsible for all costs, such as replacement keys or property damage, as well as rent payments
  • 3. Know the address of the property you want to live in
  • 4. Know the name and email address of the landlord or letting agent
  • 5. Know the start and end dates of your tenancy
  • 6. Know the total amount of rent for this period


Are You Eligible?

You are in your second or placement year (undergrad) and:

  • 1. You have completed your previous academic year of study at Newcastle University before the start of your new housing contract
  • 2. You plan to live in private housing for up to a year from the end date of your first or second year if doing a placement

You are in your final year (undergrad) and:

  • 1. You have completed year two or a placement in the last academic year
  • 2. Your private rented tenancy can be for up to 12 months ending no later than 31 August of the year you are due to graduate

You are in your first year (undergrad) as an exchange or study abroad student and:

  • 1. You are studying at Newcastle University for a non-UK degree that is longer than one year
  • 2. Your tenancy is between when you start and finish your UK course

You are a first year postgraduate student and:

  • 1. Your tenancy ends before the end date of your course at Newcastle
  • 2. Your tenancy starts within a year of completing your previous UK course or once you have enrolled in your postgraduate course

You are a returning postgraduate student and

  • Your tenancy ends within 12 months of completing your previous academic year
  • your tenancy is for up to 12 months and ends before the end of your course


How to Apply?

You can find out more about, and apply for, the scheme by following this link

To discuss any housing matter please arrange an appointment with the Student Advice Centre. The advisers cannot recommend any particular Guarantor Schemes, but they can name some of the other schemes so that you can research yourself.