In brief
Rentmigo is a rent guarantor platform. We provide rent guarantee to tenants who may not meet traditional referencing requirements, giving landlords structured protection against unpaid rent.
How the process works
Step 1. You apply. You complete an application through Rentmigo, providing your identity details and connecting your bank account via open banking.
Step 2. We assess. We review your application using a combination of identity verification, credit referencing, open banking data, affordability analysis, and fraud checks.
Step 3. Agreement and payment. If your application meets our underwriting criteria, you will be asked to sign a three-way agreement between you, your landlord, and Rentmigo. Your guarantee fee is based on your individual application and assessment outcome. Payment is taken at this stage, and the guarantee is not issued until payment is complete.
Step 4. We issue the guarantee. Once the agreement is signed and payment is received, we issue your rent guarantee. You and your landlord each receive a guarantee certificate confirming the coverage in place.
Step 5. Your landlord is protected. If you subsequently fail to pay rent, your landlord may submit a claim under the guarantee, subject to the terms of the policy.
What Rentmigo is not
Rentmigo is not a deposit replacement scheme. It is not traditional tenant referencing. It is a structured guarantee product that sits between tenant and landlord to reduce risk on both sides.