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.

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Guarantor Loans FAQs (Borrower)

Does my Guarantor have to be a homeowner?

Guarantor is a Homeowner (Click to Expand)

Yes. We require your Guarantor to be a homeowner.

Your Guarantor must be based in the UK with a home in the UK and meet our age criteria. They will need to have a good credit status and they must be able to demonstrate that they can afford the monthly repayments on your loan in the event that you cannot.

For more information on Guarantors, you can visit our Guarantor Hub. We also have a page dedicated to hints and tips to help you find a suitable Guarantor – Finding a Guarantor.

Guarantor is a Tenant (Click to Expand)

No. We do not require your Guarantor to be a homeowner for a Tenant Guarantor loan.

Your Guarantor must be based in the UK and meet our age criteria. They will need to have a good credit status and they must be able to demonstrate that they can afford the monthly repayments on your loan in the event that you cannot.

For more information on Guarantors, you can visit our Guarantor Hub. We also have a page dedicated to hints and tips to help you find a suitable Guarantor – Finding a Guarantor.

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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