A co-signer is someone who will also sign the contract you have with Housing Hand. They may be someone who does not wish to, or does not meet the requirements to be your UK rent guarantor directly. They cannot be a student or be moving into the same property as the applicant signing the Housing Hand guarantor agreement.
A co-signer is a second point of contact for Housing Hand. They are jointly liable for repaying Housing Hand should you default on your rent.
In the instance you failed to pay your rent, we would attempt to contact you and arrange a suitable repayment plan. If we are unable to do so, or should the agreement be broken, your co-signer would then be contacted to pay what you owe.
We do not conduct a credit check or require your co-signer to be a UK home owner or resident. But we will need to verify their identity with some photo ID and an address. Please note, on joint and several contracts, you and your cosigner are required to repay Housing Hand for housemates nonpayments that have have been made on your behalf.