CYPF - O24251036 Rent Guarantor Scheme
January 31, 2025 Service Director Childrens Social Care (Other) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to address the difficulty care leavers face in accessing private rentals due to a lack of guarantors, a rent guarantor scheme was approved, with a maximum rent of £700 per month, to enable them to secure housing.
Full council record
Purpose
Usually if you try to rent from a private
landlord the landlord or agency will ask you for a guarantor,
unless you earn more than 4 times the rent per month. The guarantor
is the Landlord’s insurance policy against a tenant’s
default of payment of rent. Often people's parents act as their
guarantor but if young people have spent time in local
authority care this may not be an option for them
Due to the demand on social housing nationally and locally we
needed look at other options, and the private section was an area
in which our care leavers could not access without such a
scheme.
Content
To approve a rent guarantor scheme (further
details available within the attached ODR)
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 31 Jan 2025 |