UK Credit homeowner guarantor loan review August 2020

UK Credit Limited Homeowner Guarantor Loan
UK Credit Limited Homeowner Guarantor Loan Find out more Go to site

Held back by a poor or limited credit record? By applying for a loan with a guarantor who owns their home, you could get a better rate than you might alone.

UK Credit is a direct lender (not a broker) offering guarantor loans to help borrowers who don’t have fantastic credit records to access affordable credit.

Guarantor loans require a friend or relative of the borrower to promise to step in if the borrower is unable to repay. With a “homeowner guarantor loan”, the borrower’s guarantor must own their home (although the loan is not usually secured on the property), and will also need to have a good credit score.

Late repayments can cause you serious money problems. See our debt help guides.


Loan typeUnsecured Personal Loan
Loan amounts£2,000.00 to £15,000.00
Loan terms18 Months to 5 Years
Loan rate typeFixed
Product fee0%
Same day funding available
Instant decisions in most cases
Soft-search facility available
Joint applications
Overpay without penalty
Concurrent loans allowed
Topping-up pays off existing loan and initiates a new loan
Repayment methodsCheque, Direct Debit, Standing Order
Representative example: Borrow £14,000.00 over 3 years at a rate of 29.9% p.a. (fixed). Representative APR 29.9% and total payable £20,426.40 in monthly repayments of £567.40.

Am I eligible?

Available toNew or Existing Customers
Age18 to 70
ResidencyUK resident
Credit profilesFair, Poor
Additional requirementsMust not have not been bankrupt or in an Individual Voluntary Arrangement in the past 12 months, and must have no Debt Management Plan.

Is the guarantor I have in mind eligible?

ResidencyUK resident
Additional requirementsMust not have been bankrupt in the past 6 years, must have no Debt Management Plan or Individual Voluntary Arrangement over the past 6 years. Must be a homeowner.

How does this loan compare against the competition?

Table: sorted by representative APR, promoted deals first
Name Product Total Payable Monthly Repayment Representative APR Link
UK Credit Limited Homeowner Guarantor Loan
Go to site
View details
Representative example: Borrow £14,000.00 over 3 years at a rate of 29.9% p.a. (fixed). Representative APR 29.9% and total payable £20,426.40 in monthly repayments of £567.40.
Trusttwo Trusttwo (Homeowner Guarantor) Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 36.9% p.a. (fixed). Representative APR 36.9% and total payable £15,644.16 in monthly repayments of £434.56.

Compare up to 4 providers

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site