Guarantor Protection with Only My Share


Only My Share guarantor protection is brought to you by the Housing Hand Group. We have two products for the market, Housing Hand which stands as the guarantor for both international students and working professionals and Only My Share which protects guarantors and the tenants against their joint liability for other tenants rent in Joint and Several Liability Contracts.The cover can be taken out by either the guarantor or tenant and both are protected against paying other tenants missed rent. Guarantor Protection Service

Mother and Daughter Guarantor Protection Service

What Are Parents Risks Standing As Guarantor?

Parents are being warned about the potential financial risk standing as guarantor for their children in shared student accommodation. This is because they could face large debts if housemates fall into rent arrears.

Why do Guarantors Need Protecting?

Understanding the financial risk posed to tenants and guarantors under joint tenancies, we wanted to provide a service that protected people from rent arrears (missed rent) by other tenants. The risk of having to pay other tenants rent is often high and the amount considerable.

Over 60% of students were asked to provide a UK based guarantor to secure their rented property (NUS Homes Fit For Study Report 2019). Under joint and several agreements, each tenant and their guarantor are equally liable for each other’s rent. Form our experience we have found that £10,000 of rent protection is enough to cover this potential liability.



Financial Liability in Shared Rental Properties

In shared properties, either the tenant or guarantor can take the Only My Share missed rent protection. Then, in the event of a rental default by another tenant, the service has been designed to make it as easy to make a claim as it is to apply. Simply let us know via our online claim form when you’ve been requested to pay for another tenants rent arrears and we will deal with the situation.

Guarantor Protection Service Only My Share

Why We Created the Guarantor Protection Service

The team at the HH Group are passionate about helping tenants seamlessly rent in the UK without signing up to unnecessary risk and Only My Share guarantor protection was designed to protect the guarantor and/or the tenant that is renting in a shared house against the possibility of paying other tenants’ missed rent.

Only My Share guarantor protection works with our long-standing insurance partners Brit Insurance, an A-rated insurer part and of the Lloyds of London group. Each Only My Share guarantee we make is completely insured so you can sit back, we’re in your corner, you’re covered.