UK loans for private and council tenants – bad credit loans for tenants
Information for council tenants who are considering applying for unsecured loans.
Council tenant loans are for those people who rent accommodation from their local council and are not home owners. For example, you may be occupying a detached, semi-detached or terraced home, a flat or apartment, or living in a sheltered home. Unsecured loans are usually offered to council tenants by companies specialising in this area. You can apply today for your unsecured council tenant loan on the right.
What can council tenant loans be used for?
There are many reasons why council tenants apply for loans. Debt consolidation is an attractive reason for some who wish to consolidate all their debts and bills into one monthly payment. Visit our debt consolidation loans for tenants page for more information. Other reasons include a loan for a new or second hand car, holiday abroad, son or daughters wedding or starting a new business. If you are a council tenant and have been offered the right to buy your council home at a discount, visit our page on council right to buy loans for tenants.
What are the typical council tenant loan application questions asked by lenders?
All companies who offer council tenant loans will ask different questions according to their lending policy, therefore, the following is a general guide regarding what you can expect. Remember, all tenant loan applications are assessed individually.
Purpose of council tenant loan
Are you in full time employment? Are you paid monthly or weekly and can you provide pay slips? Do you have proof of identification and UK residence? Do you have a history of rent payments? Does your bank account accept a direct debit facility? Do you have a home telephone line or contract mobile phone?
Please Note! YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT. ALL SECURED OR UNSECURED LOANS ARE SUBJECT TO STATUS. SECURED LOANS ARE SECURED ON PROPERTY.
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