Council Tenant Loans

If you are paying rent for your council property that you reside in, then you are called a council tenant and you will be known as the lessee of the property.

If you do not own a property you will not be able to use it as security against a loan, this means that it cannot be repossessed if you fall behind on payments. You will not be able to have a secured loan if you do not have your own property, the type of loan that you can have is a ‘council tenant loan’ or unsecured council tenant loan, but because of lack of security i.e. your own property you will be charged a higher rate of interest. If you have moved to different addresses a lot you may find it hard to find a lender who will be willing to give you a loan.
A council tenant loan can be processed quickly due to the fact that you do not own a property that has to be valued before the loan is arranged.

Council Tenant Loan even if you have credit problems
If you have CCJ (county court judgements), arrears, defaults or have been bankrupt then you should not despair you could still get a tenant loan at competitive rates. As you probably know when we buy things on credit we have to undergo a credit check. If you are or have been in debt for anything this automatically affects your credit rating. However a bad credit rating need not mean you cannot have what it is that you want. An Unsecured Council Tenant Loan may be the way forward for you.

You could use an Unsecured Council Tenant Loan to consolidate any other debts you may have. By using your council tenant loan to pay off all your other debts, you would only have the one repayment to make each month.

You can use a council tenant loan for any purpose like buying a new car, taking a family holiday or paying for a wedding.

At PeopleFinance.co.uk we can help you find a UK Council Tenant Loan because an independent financial processor will aim to get you the best deal to match your credit circumstances. We have made it quick and easy for you and the only cost is the time it takes you to complete one of our Enquiry forms. An independent financial advisor can supply you with a FREE highly competitive quote and you are under no obligation whatsoever.

Enquire Online for a FREE Quote - UK Council Tenant LOAN ENQUIRY FORM