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Tenant loan

A Non-Homeowner or Tenant will take out an unsecured loan because they have no home to act as security for the Loan. This is a Personal Loan for Tenants and Non-Homeowners. Interest Rates are usually higher than Secured Loans, but we aim to find you the most competitive rates available for Tenant Loans or Unsecured Loans.

Term

The length of time in years that you take to pay back your mortgage. Most commonly people take out a term of 25 years but it could be 5 years if you borrowed a small amount.

Tracker Rate Mortgage

Tracker rates are set a % above the Bank of England Base Rate. This is similar to a variable rate mortgage, so your monthly repayment can go up or down. So as the Bank of England rate changes you will receive the change immediately unlike a Variable rate that may not fluctuate as much.