Tenant Loans from Libra Finance
Many people get confused when they see adverts from UK lender advertising loans for homeowners and loans for UK tenants. The homeowner’s loan is pretty self-explanatory – it is a loan that will be secured on the applicant’s property. But what are UK tenant loans? Well, tenant loans are basically personal loans – a loan that is not secured to your home (because you don’t own one). The lender bases his decision on whether to lend money to a tenant based upon their employment status and ability to repay the loan.
If you own your house or are the mortgage
payer, then you may be able to benefit from
low monthly repayments...
If you don't own your own home or pay a
mortgage, then we can still help with a loan
of up to 15k.
As a working tenant, you can get tenant loans or personal loans from any mainstream lender providing you have a good credit history. If your credit history is only fair or poor, you will find this more difficult because the lender will see you as a high risk and will not want to risk giving you a loan. However, there are companies out there that will consider giving loans to you even with a poor credit history, but you may find yourself paying over the odds on interest rates and related fees.
Whether you have a good credit history or a poor one, there are a lot of
great deals out there on unsecured loans so you don’t have to worry
about not owning a property in order to get a good rate of interest. You
will pay more per month than you would on a homeowner loan because of the
shorter time period and the higher rate of interest, but you can still get
some great rates. All you need to do is prove that you are employment and
how much you earn (by providing wage slips) and show that you will not be
over-committing yourself. And you can use your money for anything you like
from a dream wedding to the holiday of a lifetime.
Libra Finance UK
a range of loans for any purpose
fast decision from our courteous staff
available up to 2.5 million
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