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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

Who can be my Guarantor?

Guarantor is a Homeowner (Click to Expand)

Most of our borrowers ask family members or friends, but we’ve known people to ask their employers, landlords and colleagues.
In order to be a Guarantor on a TFS Loan, they will need to be aged between 21 (at the time you apply) and 76 at the time the loan completes (so the prospective loan term must finish before their 77th birthday).

They will need to be based in the UK and own a home in the UK. They also need to have a good credit score. The most important thing is that they are able to make the loan repayments if you cannot and that they understand this obligation.

As part of our application process we run through in detail, the obligations of the Guarantor, to ensure that they fully understand the commitment they are taking on.

We have created a dedicated section on our website called the Guarantor’s Hub, exclusively for Guarantors, where they can find information about TFS Loans and what it means to be a Guarantor. If your Guarantor has any other questions they are welcome to call us on 0203 476 4170

Guarantor is a Tenant (Click to Expand)

Most of our borrowers ask family members or friends, but we’ve known people to ask their employers, landlords and colleagues.
In order to be a Guarantor on a TFS Loan, they will need to be aged between 25 at the time you apply for the loan and 76 at the time the loan completes (so the prospective loan term must finish before their 77th birthday). They will need to be based in the UK. They also need to have a good credit score. The most important thing is that they are able to make the loan repayments if you cannot and that they understand this obligation.

As part of our application process we run through in detail, the obligations of the Guarantor, to ensure that they fully understand the commitment they are taking on.

We have created a dedicated section on our website called the Guarantor’s Hub, exclusively for Guarantors, where they can find information about TFS Loans and what it means to be a Guarantor. If your Guarantor has any other questions they are welcome to call us on 0203 476 4170

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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