For tenants, an unsecured (or personal) loan is the alternative.

• Most lenders advertise status loans from £5,000 to £25,000.
• Majority of loans available up to 5 years, some loans available up to 10 years.
• Payment Protection Insurance is optional
• Loans for those with bad or impaired credit are usually available in the £500 to £15,000 range.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.