Remortgage Market

General information on tenant unsecured loans, which is in no way to be considered financial advice.

Tenant Loans (Personal Unsecured Loans)

These loans are suited to those with good or bad credit (ccj's, defaults and arrears are not usually a problem).

If you need help raising capital for debt consolidation or any other reason do read the following material.

Unsecured Tenant Loans

In the past; tenants often found it hard to locate and successfully attain a loan but the loan market has changed dramatically over the past ten years. A Personal tenant loan is a sort of unsecured loan, and the tenant doesn’t need any collateral to place against the amount that they require.

Unsecured Tenant Loan Criteria:-

The applicant must be in full time employment (excluding probation periods).
Proof of regular wages being deposited to the bank account of the applicant.
The applicant bank account must accept a direct debit facility.
Proof of residence and also ID (personal identification).
Telephone number.

If you are a tenant these loans are well worth investigating since you are not required to own or place any collateral against the loan.

Disadvantages of a Personal Unsecured Tenant Loan

Unsecured Tenant Loans do carry a higher rate of interest in comparison to a secured loan, which is completely understandable.

If you have any form of bad credit (adverse credit, sub-prime or poor credit history), then this type of loan is going to be a very tricky process.

How much can I borrow?

Normally an Unsecured Tenant loan enables the applicant to borrow anything from £1000 to £50,000 as long as the loan applicant can repay the amount within 1 to 25 years. But all Unsecured Tenant Loan Providers provide different products, therefore the true value of the loan will only be discovered once you seek professional advice.