Student Loans.

Going to university or college is very expensive, with tuition fees and accommodation fees to pay for. If you find yourself in financial difficulty, you can now apply for a student loan, even if you don’t have your own home or property to secure the loan on.

This is also known as an unsecured loan. This means the loan is not secured on any property. This is less of a risk to you, the borrower, as if you find yourself unable to make the monthly repayments, you will not lose your home/possessions.

However, this type of loan will have a slightly higher interest rate due to the fact that it is a higher risk to the lender.

Your loan will be processed much quicker too, so you receive the loan much quicker than you would with a loan secured on your home (and so the home doesn’t need to be valued).