Loans for non home owners

Not being an owner occupier of your own property does unfortunately negatively affect your credit rating, and make it less likely for you to be accepted for personal finance.

It needn’t be a barrier however, and there are plenty of non home owner loans on the market place, as well as traditional unsecured loans – which don’t need to be secured on an asset such as a property that you own.

Non home owner loans offer finance to individuals who are tenants, usually whether private or council tenants, to those who still live at home with their parents, and several firms are willing to lend to those who have a bad credit rating.

It’s also possible that you may want a non home owner loan because you don’t want to secure a loan against your property; non home owner loans are simply another word for an unsecured loan, and you can apply for one even if you do own a property.