With home ownership being at its lowest level in generations, finding a guarantor who owns their own home can be very difficult for many people. To help make sure that you can get the money you need, in your hand, we offer a non-homeowner guarantor borrowing option.
With a tenant guarantor or non homeowner guarantor product, you will be able to apply for a guarantor loan of up to £6,000. Tenant guarantor loans can be both affordable and flexible – not only can you take advantage of a competitive 59.9% APR (fixed) rate of interest, but you can also choose to repay your loan over a 12 – 60 month period. Of course, as a responsible lender we will always make sure that you can afford the loan you need.
Who can act as your guarantor?
You could ask a friend, family member, colleague, or even your partner, so long as they have a good credit history and are not aged over 70.
Your chosen tenant guarantor can be employed, self-employed, or retired, and there is no minimum income level that they must meet – however we will still need to assess their affordability, just in case they are required to step in your behalf.
If this sounds like the right product for you, apply for a tenant guarantor loan using the calculator on this page.