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.

I'm a home owner / mortgage payer*

If you own your house or are the mortgage
payer, then you may be able to benefit from
low monthly repayments...

I'm a tenant or renter

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

Adverse Credit Loans Mortgages Bad Credit Loan Bridging Loan Can't Get a Loan Business Car Loan Career Development Loan Consolidation Finance Home Equity Loan Homeowner Low Cost Low Interest Online Personal Secured Small Business Student Tenant Unsecured Personal Injury


OUR TYPICAL, VARIABLE RATE IS 10.9% APR. RATES RANGE FROM 7.4% APR to 27.60% APR THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.