Am I eligible?

We understand how frustrating it can be trying to secure credit when you’ve had financial difficulties in the past. That’s why we assess each individual application on its merits, rather than judging it purely on a number. We undertake a thorough affordability and appropriate lending assessment with the guarantor, as well as the borrower, to ensure our loan is suitable. As a responsible lender, however, we do require minimum criteria to be met for our loan applications to be considered. We should remind you, you should always consider if you need the loan before completing your application.

To be considered for a guarantor loan, the borrower must:

  • be a homeowner, either via mortgage or outright
  • have been a UK resident for at least three years and have a current active bank account
  • live in England, Scotland or Wales
  • be between the ages of 21 at the beginning of the loan and 70 at the end of the loan term
  • be employed, retired or in receipt of certain benefits
  • not currently be bankrupt, or have had an active bankrupcy within the last three years
  • not currently be in a Debt Management Plan(DMP) or Individual Voluntary Agreement(IVA), or had one active within the past year
  • not currently be subject to a Trust Deed, or had one within the past year.
  • be able to afford the repayments

To be considered as a guarantor, you must meet the following criteria:

  • be a homeowner, either via mortgage or outright
  • have been a UK resident for at least three years and have a current active bank account
  • live in England, Scotland or Wales
  • must have known the borrower for at least 12 months and trust them
  • be between the ages of 25 at the beginning of the loan and 70 at the end of the loan term
  • be employed, retired or in receipt of certain benefits
  • not have had an active bankruptcy within the last 3 years, or an active Individual Voluntary Arrangement, Debt Management Plan or Trust Deed within the last year.
  • be able to afford the repayments if required to make them