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Friday, February 6, 2009
An increasing number of people are becoming interested in tenant loans in the UK. For a long time, homeowners in the UK have been a bit derisive about tenants. Nowadays, however, the number of people who rent is pretty well equal to the number of people who own their own homes. As such, tenant loans are becoming an option for more and more people.
These tenant loans are one of many specialized kinds of loans. Designed specifically to benefit people who rent their homes, they can help a number of people. If you rent a room, a flat, or a house, you can benefit from them as well. The good news is that it is not at all hard to get one of these loans.
You do not have to have any collateral in order to receive a tenant loan. As the borrower, you do not have to offer up anything in return for the loan. This, of course, makes it unsecured. However, even that is preferable when you are in dire need of a loan.
Furthermore, there are loans available to all manner of tenants. These include but are not limited to: housing association tenants; MOD tenants; council tenants; PG tenants; and those renters who live with their parents or other guardians but do not own the home.
However, most tenant loans come with a caveat. It states that any renter who receives a tenant loan must be able to support him or herself. Their living expenses must be met. That means they have to have enough money to buy a car, groceries, go on holiday, et cetera. If you meet these qualifications, then you have eligibility.
You also need to be at least eighteen, if not older, to qualify. You should be gainfully employed in a full time job, at which you make at least a thousand pounds. Not only do you need to have a checking account, but it needs to be a valid one with Direct Debit. You also need to be able to prove that you have lived at your current address for no less than twelve months.
A very good part of tenant loans is that you do not necessarily have to have outstanding credit in order to obtain an unsecured loan. With the recent economic troubles most loan companies have become much more flexible in their minimum loan requirements.
Most assuredly these are good times for people who are temporarily short on cash and need to make a loan. The possibility of approval has never been higher.
These tenant loans are one of many specialized kinds of loans. Designed specifically to benefit people who rent their homes, they can help a number of people. If you rent a room, a flat, or a house, you can benefit from them as well. The good news is that it is not at all hard to get one of these loans.
You do not have to have any collateral in order to receive a tenant loan. As the borrower, you do not have to offer up anything in return for the loan. This, of course, makes it unsecured. However, even that is preferable when you are in dire need of a loan.
Furthermore, there are loans available to all manner of tenants. These include but are not limited to: housing association tenants; MOD tenants; council tenants; PG tenants; and those renters who live with their parents or other guardians but do not own the home.
However, most tenant loans come with a caveat. It states that any renter who receives a tenant loan must be able to support him or herself. Their living expenses must be met. That means they have to have enough money to buy a car, groceries, go on holiday, et cetera. If you meet these qualifications, then you have eligibility.
You also need to be at least eighteen, if not older, to qualify. You should be gainfully employed in a full time job, at which you make at least a thousand pounds. Not only do you need to have a checking account, but it needs to be a valid one with Direct Debit. You also need to be able to prove that you have lived at your current address for no less than twelve months.
A very good part of tenant loans is that you do not necessarily have to have outstanding credit in order to obtain an unsecured loan. With the recent economic troubles most loan companies have become much more flexible in their minimum loan requirements.
Most assuredly these are good times for people who are temporarily short on cash and need to make a loan. The possibility of approval has never been higher.
posted by Credit Counseling at
6:49 AM
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