Parks Properties

    Guarantor Information

    Thank you for agreeing to stand as a guarantor for a property with Parks Properties.

    We request you complete the form below to enable us to prepare the tenancy agreement.

    the application asks you to upload a scan/photo of the following supporting documents:

    • Proof of residency – utility bill/bank statement dated within the last 3 months

    • Proof of property ownership – mortgage statement, solicitors letter or copy of the land registry

    • Proof of income – employer reference/ pension statement/ proof of savings/ self-employed tax return/ accountant reference

    • Scan of your photo ID – passport/ driving license

    Our requirements for a guarantor are as follows:

    • You must be an UK homeowner

    • You must reside in England or Wales for a minimum of 6 months a year

    • You must be in permanent employment, be self-employed, be in receipt of a pension or have savings

    • Your annual income must be greater than 40 times the monthly rent that you are guaranteeing

    • Show proof of your income with a SA302 Tax Return if self-employed, P60 if employed or proof of pension payment if retired

    • Alternatively cash/bank savings of personal wealth showing 60 times the monthly rent

    • Guarantors will be liable for 100% percent of the rent



    Property Address You are Guaranteeing





    Guarantor’s Details

    Please enter your full legal name as it appears on your passport.






    Current Address





    Period at Address

    Address Status


    Previous Address (Please only fill this in if you have been at your current address for less than 24 months)





    Period at Previous Address

    Are you aware of any adverse credit history?

    Will you be out of the UK before the proposed move in date?


    References

    Employment Status

    Self Employed inc. Company Directors of Small Businesses up to £6.5 million Turnover







    We require your minimum contracted hours between 0 – 40

    Duration of Employment Contract

    To evidence your income we require a employment reference, this could be from a line manager or general HR department. Please enter the details of your referee below, please note we can only accept references from a work domain email address.

    Employment Reference



    Company Address







    Does your business operate as…









    To evidence your income as self-employed we require either a Chartered Accountant reference or your most recent SA302 self assessment tax return. Please provide us with either your accountant details below or upload your tax return.

    Employed Accountant Reference




    Company Address






    If you are retired we will need to see proof of your pension. Please provide your most recent pension statements or 3 months’ worth of bank statements clearly showing the money being deposited into your account



    As a Guarantor you can evidence your income with a proof of personal wealth. This entails evidencing 60X the proportion of the monthly rent in which you are guaranteeing. This must be evidenced using the most up to date bank statement available.

    Proof of Residence

    We require proof of residency for you. We needs to see a letter with your name and current address on it and it must be NO MORE than 3 months old.


    Proof of Ownership

    We require proof of ownership of your property. You can upload a Mortgage Statement, Solicitors Letter or Land Registry. It must be addressed to yourself.



    Please note this is only an application form. The legally binding document will be sent to you for signature in due course.
    Please return this completed application and supporting documents within 48 hrs of receipt.

    DATA PROTECTION ACT 1998
    In order to respect your privacy, we process your personal data in accordance with the data protection principles, namely:

    • Personal data shall be processed fairly and lawfully.

    • Personal data shall be obtained only for one or more specified and lawful purposes, and shall not be further processed in any manner
      incompatible with that purpose or those purposes.

    • Personal data shall be adequate, relevant and not excessive in relation to the purpose or purposes for which they are processed.

    • Personal data shall be accurate and, where necessary, kept up to date.

    • Personal data processed for any purpose or purposes shall not be kept for longer than is necessary for that purpose or those purposes.

    • Personal data shall be processed in accordance with the rights of data subjects under this Act.

    • Appropriate technical and organisational measures shall be taken against unauthorised or unlawful processing of personal data and against
      accidental loss or destruction of, or damage to, personal data.

    • Personal data shall not be transferred to a country or territory outside the European Economic Area unless that country or territory ensures an adequate level of protection for the rights and freedoms of data subjects in relation to the processing of personal data

    Declaration

    I confirm that the information provided on this application form is correct to the best of my knowledge and belief, and I authorise Parks Properties Ltd to make any necessary enquiries and credit searches for confirmation of the information provided. I also give permission to my employer/accountant to disclose details of my salary/income to Parks Properties Ltd. I also understand and agree that my name and address will be written on the Assured Shorthold Tenancy Agreement and as such shared with all Tenants, Guarantors and Landlords. Signed: