We now have access to a couple more guarantor lenders who are willing to offer loans for people with tenant guarantors. These are guarantors who dont own their own home and rent the current home they live in. Guarantor Loans are available from £1000 – £4000 from 43.8% APR over 1 – 3 years repayment.
The conditions are that your guarantor must have a clean and good credit rating, be in full time employed, be over the age of 23 and have no defaults, CCJ’s on their credit profile. If you are unsure of your credit rating or credit score then we recommend you take advantage of the free trial at Credit Expert: https://www.creditexpert.co.uk/
They must also be able to show proof of earnings and have their salary and income verified by their employer. Self employed tenants will also be considered if they can prove 3 years of income via company accounts or verified bank statements. If you have a guarantor ready and waiting then please contact us or speak with your loan underwriter to get your loan application underway.
We are personal loan brokers who specialise in finding the best and cheapest guarantor loans for our customers from our exclusive panel of lenders and loan providers.
We have been brokering guarantor and personal loans for almost 8 years and have throusands of happy customers throughout the UK.
What type of loans do we organise?
- Guarantor loans (most popular)
- Payday loans
- Short term loans
- Cash loans – £50 – £500
- Secured loans
- Personal loans for bad or low credit score
How does it work?
Our broker process is very simple and easy. Our aim is to do all the hard work in finding and comparing the range of guarantor loans on offer and then we ensure your loan application goes through quickly and without any issues. We dont charge you a fee for this service and we make a commission from the lender who issues your loan. If you need loan you can call us free on 0800 454 8792 or email us on firstname.lastname@example.org to make an application with a loan advisor.
Why use a guarantor loan broker?
Our service is free and it will cost you no extra to arrange your guarantor loan or any type of loan you need via us. We search and compare the loans market place to display and show you the best and cheapest loans that meet your needs and requirements.
Who can I use to be my guarantor?
If you do wish to opt for a guarantor loan then you will need to find a suitable guarantor as part of your loan application requirements. They can be a homeowner or a tenant and each lender will have different requirements. Below is a brief guide:
- Can own their own home or be a tenant
- Over the age of 21
- Max age of 75
- Meet the minimum income requirements
- Have a good credit history or good credit score
This FAQ page from one of our guarantor lenders shows a typical guarantor requirement: