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If you currently have a loan with us and have been affected financially by the COVID-19 pandemic, please click here for ways in which we may be able to work with you during these difficult times.

FAQs for Applicants

Can I live at the same address as my Guarantor?

Guarantor is a Homeowner (Click to Expand)

Yes, both the Borrower and the Guarantor can live at the same address. As long as you both have a UK address and are not linked financially (joint bank accounts or financially reliant on each other), we accept Guarantors who live at the same address.

Our main criteria for Guarantors is that they are, Employed or Retired, a UK homeowner with a good credit score and provable income, aged between 21 (when you apply) and 76 (at the end of the loan term) and most importantly, they must be able to afford the monthly loan repayments if the Borrower cannot.

For more information on finding a Guarantor, visit our ‘Finding a Guarantor’ page. If you have a Guarantor and they wish to know more about TFS Loans or Guarantor Loans, visit our Guarantor Hub.

Guarantor is a Tenant (Click to Expand)

Yes, both the Borrower and the Guarantor can live at the same address. As long as you both have a UK address and are not linked financially (joint bank accounts or financially reliant on each other), we accept Guarantors who live at the same address.

Our main criteria for Guarantors is that they are Employed or Retired with a good credit score and provable income, aged between 25 (when you apply) and 76 (at the end of the loan term) and most importantly, they must be able to afford the monthly loan repayments if the Borrower cannot.

For more information on finding a Guarantor, visit our ‘Finding a Guarantor’ page. If you have a Guarantor and they wish to know more about TFS Loans or Guarantor Loans, visit our Guarantor Hub.

Loans are subject to status and affordability. Consolidating debts may increase the term and the total amount payable.

Before entering into any credit agreement please make sure you can afford the monthly repayments, we recommend that you seek independent advice if you are unsure of any of the terms of our agreement. There may be other taxes or costs, not paid through us or charged by us, that you have to pay in connection with the agreement.

Late repayments can cause you serious money problems. For help go to www.moneyadviceservice.org.uk

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