Tenant Guarantor Loans
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.