Hot Topics

What is a Tenant Loan?
If you do not own your own property, you will not be able borrow money secured on your home. This means that any loan you take out will be a tenant loan – or an unsecured loan.
If I decide I need a personal loan, which type of lender is best?
Banks, building societies and specialist finance companies all offer personal loans. None are any better than the others in any outright sense – but because the market is so competitive, you'll need to shop around.
What interest rate will I pay and is it negotiable?
Interest rates vary from lender to lender, and it all depends on how much you borrow, and over what period of time.
What can I do if I think information held by a credit reference agency on me is incorrect?
If you have been turned down for a loan and you cannot see any reason why, then you can contact the credit reference agency to see your personal credit report.
How do I contact the Credit Reference Agencies?
You can request your credit report online, by phone or online. It costs £2 for a copy of your statutory credit report. Here are the details for the three main credit reference agencies.

Will the loan company contact my employer?

Firstly, a loan company will never contact your employer without your consent.

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If they require you to provide official confirmation of your income, you will normally have to provide three pay slips and/or a P60. If you cannot produce any of these items, because for example you have only just started with the employer, the loan company may ask your permission to obtain a brief reference from them. This will purely be to ask them to confirm your position, length in employment and your annual salary. They will do this in writing so the process will normally take a few days, and will hold up your application process. They will not supply them with any details of your loan application, so your application will remain confidential.

If you are applying for your loan through your bank, you may not have to give any proof of income as they will have details of your monthly/weekly salary on your bank records.


Risk Warning
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it. Security by way of a charge on your home may be required.
Think carefully before securing other debts to your home.