In contrast, guarantor loans from Amigo are available to non-homeowners. Therefore, they are classified as "unsecured loans" because the loan is not secured.
By contrast, many traditional mortgages are non-recourse loans, using only the home itself as collateral. If the homeowner defaults, the lender may seize the home but not any other assets belonging to.
Guarantor loans for non-homeowners could warrant further exploration. With the backing of a guarantor, you could be able to borrow up to 10,000. But is a guarantor loan the answer to your bleak borrowing outlook or would your time be better spent by heading down another route? Let’s look at.
Non-homeowner loans are existing for debt consolidation to consolidate debts and save money, also for non-homeowner home improvements, a non-homeowner new car, a non-homeowner motorbike, a non-homeowner holiday break, a non-homeowner deposit towards a large purchase.
65 results. Non homeowners can still borrow with a loan. compare lenders to see who can offer the best deals to tenants and those without their own property.