To want to withdraw from bring a rent guarantor

[theunbelonging]

For my sister who I am now NC with? She's recently been slandering me as selfish to my own children which makes my blood boil. Apart from this fact, I genuinely cannot afford to pay her bills now my circumstances have drastically changed. Is this feasible? Can you 'undo' a guarantor status?

Write to your sister, the estate agent and the landlord stating that you are no longer in a position to act as a guarantor for the rent and that as of this month or next (give a definite date) you will consider the agreement to be at an end.

You can do that but it won’t mean anything unless the landlord accepts it. And he’s not likely to unless she can offer him another guarantor.

Yeah, you can't do that lol.

I should add that I don't know whether you could be challenged about it, but you can still take it up with her landlord. There is little point in them keeping you as a guarantor if you are crystal clear that you can no longer afford it. That gives them no security at all.

So that is the line I would push.

I'm a landlord. It was done to us.

Yes, I'm aware that the landlord does have to accept it, but if a guarantor is clear that they are no longer in a position to guarantee the rent should the tenant default then there is little point in continuing to have them as guarantor. The tenant will need a new one.

www.propertyinvestmentproject.co.uk/blog/how-do-i-stop-being-a-tenant-guarantor/

I would write as suggested above. If the landlord refuses to accept it then I would have thought your role as Guarantor would end at the end of the current tenancy agreement when renewal contracts are signed. Do you know when the contract renewal date is and whether there is a mid-term break clause (I am not quite sure what the correct terminology is here).

I should add it was a specialist guarantor company that has since been bought out by Rightmove. I've emailed them, they haven't replied or acknowledged at all.

'Weepy eyed do-gooders' made me laugh, perhaps a little too hysterically!

www.citizensadvice.org.uk/housing/renting-a-home/using-a-guarantor/

It depends entirely on the guarantee agreement that you entered into. You need to read it carefully, it post it here.

(I would never give a guarantee for someone unless I was prepared to pay their rent (applies to just about no one!) AND trusted them to do no damage or to pay for any they did.)

But as a landlord you can go to court and chase the guarantor for the rent if needed - probably cheaper than trying to evict a non-payer that refuses to leave.

As a landlord I'd suggest only taking a guarantee from a property owner (and this involves a Land-Registry search). If push comes to shove it's very much easier to recover what is owed.

You can't.