Homeowner Guarantor Loans
Whether you’ve had issues with bad credit in the past or simply haven’t had the chance to build up your credit score yet, there are plenty of reasons why getting loans can be tricky for some applicants.
Fortunately, homeowner guarantor loans have been created to help alleviate this issue. Rather than simply taking out a loan based on your own credit history, a family member, friend or colleague can step in to guarantee your payments.
This helps to significantly reduce the risk to lenders as your guarantor will take responsibility for your repayments should you be unable to make them on time.
They work in exactly the same way as personal loans in that you’ll be able to borrow a lump sum over a few weeks or months with the outstanding balance, plus interest, repaid.
How Can I Apply For Homeowner Guarantor Loans?
It all starts by telling us a little bit more about you and your reason for the loan. We’ll compare hundreds of UK providers from you to choose from to help you get a great rate on your next homeowner guarantor loans.
If accepted in principle, you’ll need to provide your chosen lender with the details of your guarantor who will be contacted to confirm some additional information about themselves.
Once the application has been finalised, funds will be transferred straight into your personal bank account, in many cases on the very same day.
Start your journey to financial freedom by getting a free, no obligation comparison on your next homeowner guarantor loan from CreditRaters.com today.