Unlike a homeowner loan you will not be securing your loan against your home! A secure loan requires you to use your property as a security against the loan, so the lender is able to reduce and balance the risk of lending.
Once you secure your home against your loan you can choose the amount you require, this will still be limited by the value of your home and by how much you will be able to repay each month.
A tenant loan will not give you access to as large a loan with a homeowner loan would provide! Tenant loans are an excellent opportunity to allow you to purchase your first home, buy the property you are currently living in or just to help you move house or pay for unexpected expenditure.
A unsecured loan, does not require any collateral and are based fully on your capacity to repay, like a tenant loan, taking into account factors such as you salary, your borrowing history as well as your credit rating and current loans.
Finally, Payday loans are a quick and short loan which you can apply for without a credit check, usually around £500, depending on your bank and lending provider, its purpose is to bridge the borrowers cashflow gap between pay days.
If you have found the loan you require then the next step is choosing the lending provider!
Whether you plan to use your current bank or are willing to try somewhere new, choose here from all the best providers to find more information on what they can offer you!
Loan companies
Secure loans
Unsecured loans
Homeowner loans
Tenant loans