Non Homeowner Guarantor Loans

  • Non-Homeowners & Tenants
  • Borrowers & Guarantors
  • Borrow up to £15,000
  • Multiple Lender Options
  • No Homeownership
  • Same day payout OK
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Guarantor Loans for Tenants

With guarantor loans, you and/or your guarantor can be non-homeowners. So tenants and those still living with family or friends are welcome to apply for a loan.

Guarantor Loans were designed for non-homeowners and people with bad credit. So if you do not own your own home, and maybe even have a guarantor who does not own theirs, then there still could be loan options for you.

Non-Homeowner Guarantor Loans – £1,000 to £15,000

Unlike homeowner loans, a guarantor loan is not secured against a property and therefore you may be able to borrow money without being a homeowner and even if you have a poor credit file.

And your guarantor doesn’t need to own their home either, although if they do you may be able to borrow up to £20,000.

Living with Parents, with Family or with Friends?

Being a non-homeowner might make you think you have to be a tenant of a rented property, but this isn’t the case. The term can cover a multitude of options.

Rather than renting a place on your own, you could be living with people you know such as your family, your parents or with good friends. And your guarantor could be in a similar position.


Does my Guarantor need to be a Homeowner?

If the loan is less than £15,000, then NO your guarantor does not need to be a homeowner
If the guarantor loan you are taking out is £15,000 or less then your guarantor does not need to be a homeowner – being a tenant or living with friends or family is fine. As long as they have proof of income and have a clean credit file then they are potentially eligible to be your guarantor.

If the loan is greater than £15,000, then YES your guarantor does need to be a homeowner
We now have lenders who will offer up to £20,000 unsecured if you have a guarantor. But for loans in the range of £15,000 to £20,000 your guarantor will need to be a homeowner.

Apply for a Guarantor Loan

How Does A Guarantor Loan Work?

A Guarantor Loan needs you to have a friend, family member or work colleague who will guarantee your loan repayments. So it doesn’t matter if you have a poor credit history or do not own a property. As long as your Guarantor has a reasonably good credit history then you should be able to borrow the money you need.

These days you can borrow large amounts even if your guarantor doesn’t own their home – but they will need to have a good credit history. Find out more about who can be a guarantor.

Learn about Guarantor Loans


Guarantor Loans Guide

If you’re uncertain which type of credit might suit you or you have a money problem then one of guides may help you. We summarise each type of loan and their pros and cons, and address issues regarding debt and credit ratings.


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For over a decade Solution Loans has helped people all over the UK find solutions to their personal finance problems.

OUR REPUTATION Guarantor Loans


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Our reputation is great. In fact we have scored 4.6 out of 5 based on 198 ratings & 31 user reviews for our guarantor loans service.


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Written/Reviewed by: Amanda Gillam

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