Non homeowner guarantors now accepted!

From today you can use non homeowner guarantors – your guarantor does NOT have to own the house they live in! This is a huge change and one that is likely to make it much easier for you to be able to obtain a guarantor loan.

For years it has been a requirement that for loans over £500 the guarantor must be a homeowner. But one of the major lenders has just announced that it no longer needs to make this a necessity for loans up to £3000. This change will undoubtedly shake up the market and we should see all lenders gradually move in this direction.

Your non homeowner guarantors will still need to have a good clean credit history but it’s great to know that your guarantor can now be a tenant, be living with friends or indeed living with their family. People often tell us that they can get a guarantor but they aren’t a homeowner. In the past there was nothing that could be done to help; now borrowing should be a whole lot easier. See the full list of lending & guarantor criteria. It’s worth noting that providing a guarantor who is a homeowner will still mean you can borrow more and borrow at lower rates, but as we have said it is no longer mandatory.

Summary of Non Homeowner Guarantor Loans

  • Loans of £1000 to £3000 unsecured
  • Borrow for between 12 and 36 months
  • Rates as low as APR 99.9% fixed

For full information click here.

10 comments

  1. I CANNOT FIND ANY GUARANTOR LOAN COMPANY THAT EXCEPTS THE GUARANTOR TO BE A NON HOMEOWNER. IS THERE ONE?

    • Solution Loans says:

      Your Non-Homeowner guarantor options are as follows:

      For loans over £500 (up to £5000) we have a lender who launched a non-homeowner guarantor product, but have now reverted to testing on a small scale only. We hope to have them fully on board shortly.

      • Sam russell says:

        Alrite I need a guarantor but I cant find a
        Suitable homeowner, but I know a few non homeowners, can you help me I need cash desperately It’s urgent! Thanks

        • Solution Loans says:

          We’re currently able to match you to 2 different types of non homeowner guarantor loan. These are as follows – simply click on the links:

          1. £50 to £500 (click link) where you can borrow on a flexible basis (from a few days to a few months). or
          2. a fixed £1000 loan (click link) for a fixed period of either 12, 18 or 24 months
          3. Which ever you choose your guarantor can be a non-homeowner, and these loans are unsecured loans. There is no property held as security. So, just click on the links above to find out more.

  2. Carla Silva says:

    Hello..i already read about non guarantor home-owner and i made a application for 7000..but in application, they still asked me for a home-owner guarantor… i have a guarantor,with a good credit ant his a tenant.. Can he be my guarantor??

    • Solution Loans says:

      Due to a delay in the implementation of full non-homeowner guarantor loans your current non-homeowner guarantor options are as follows:

      For loans over £500 (up to £5000) we have a lender who launched a non-homeowner guarantor product, but have now reverted to testing on a small scale only. We hope to have them fully on board shortly.

  3. nik says:

    hey,

    i desperatly need a loan and i have a friend who is a willing to back me up but is not a homeowner, i can read that you say all this……

    £50 to £500 loans where the repayment period is fully flexible.
    A fixed value £1000 loan with the repayment period options of 12, 18 or 24 months
    For loans over £500 (up to £5000) we have a lender who launched a non-homeowner guarantor product, but have now reverted to testing on a small scale only. We hope to have them fully on board shortly.

    BUT, WHERE DO U MENTION THE LENDER???

    Can if possible, could u tell us the lender?

    • Solution Loans says:

      Hi, please clarify the amount you would like to borrow and then we’ll be able to direct you to the lender who is most likely to be able to help you.

  4. ALLAN says:

    Looking for a non-homeowner guarantor loan of 750 over 24 – 36 month

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