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  • FIRST POST
    • chloepom
    • By chloepom 12th Jan 19, 2:23 PM
    • 3Posts
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    chloepom
    Loans without 3 year UK address history?
    • #1
    • 12th Jan 19, 2:23 PM
    Loans without 3 year UK address history? 12th Jan 19 at 2:23 PM
    I am a dual Aussie and British citizen and have lived in the UK for the last 1.5 years. I'm now looking at getting a loan of about 4000-5000 for a car but it looks like you need at least 3 years of UK address history to be eligible? Does anyone know of any lenders that are a little more lenient with this?
    Last edited by chloepom; 14-01-2019 at 12:03 PM. Reason: typo
Page 1
    • DCFC79
    • By DCFC79 12th Jan 19, 7:50 PM
    • 33,360 Posts
    • 21,001 Thanks
    DCFC79
    • #2
    • 12th Jan 19, 7:50 PM
    • #2
    • 12th Jan 19, 7:50 PM
    I am a dual Aussie and British citizen and have lived in the UK for the last 1.5 years. I'm now looking at getting a small loan (4000-5000) for a car but it looks like you need at least 3 years of UK address history to be eligible? Does anyone know of any lenders that are a little more lenient with this?

    My credit score is higher than average, I have lived in the same rental property since I moved here, I'm on the electoral role... I'm not sure what else I can do to be given a chance!!
    Originally posted by chloepom

    Well luckily your score is only seen by you, lenders see your history.
    • iolanthe07
    • By iolanthe07 13th Jan 19, 3:26 PM
    • 5,120 Posts
    • 4,820 Thanks
    iolanthe07
    • #3
    • 13th Jan 19, 3:26 PM
    • #3
    • 13th Jan 19, 3:26 PM
    I think you'll find that all reputable lenders will expect more than 1.5 years residence before granting a loan. I had the same problem when I moved to the USA, but in the end was helped out by a friendly and trusting bank manager. Have you tried your UK bank? Actually going in and talking to someone rather than applying on line?
    I used to think that good grammar is important, but now I know that good wine is importanter.
    • chloepom
    • By chloepom 14th Jan 19, 8:38 AM
    • 3 Posts
    • 0 Thanks
    chloepom
    • #4
    • 14th Jan 19, 8:38 AM
    • #4
    • 14th Jan 19, 8:38 AM
    Interest rates through my bank are pretty high but I think it might be my only option, thanks!
    • Nasqueron
    • By Nasqueron 14th Jan 19, 9:30 AM
    • 6,502 Posts
    • 4,001 Thanks
    Nasqueron
    • #5
    • 14th Jan 19, 9:30 AM
    • #5
    • 14th Jan 19, 9:30 AM
    Maybe get quotes for car finance, they tend to be a bit more willing to loan money than a bank as they can simply take away the car from you if you stop paying
    • poppasmurf_bewdley
    • By poppasmurf_bewdley 14th Jan 19, 10:23 AM
    • 5,361 Posts
    • 5,477 Thanks
    poppasmurf_bewdley
    • #6
    • 14th Jan 19, 10:23 AM
    • #6
    • 14th Jan 19, 10:23 AM
    I am a dual Aussie and British citizen and have lived in the UK for the last 1.5 years. I'm now looking at getting a small loan (4000-5000) for a car but it looks like you need at least 3 years of UK address history to be eligible? Does anyone know of any lenders that are a little more lenient with this?

    My credit score is higher than average, I have lived in the same rental property since I moved here, I'm on the electoral role... I'm not sure what else I can do to be given a chance!!
    Originally posted by chloepom
    A loan of 4/5k is NOT a small loan.

    When you have diddly squat, it's a massive amount.
    "There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
    • chloepom
    • By chloepom 14th Jan 19, 11:50 AM
    • 3 Posts
    • 0 Thanks
    chloepom
    • #7
    • 14th Jan 19, 11:50 AM
    • #7
    • 14th Jan 19, 11:50 AM
    A loan of 4/5k is NOT a small loan.

    When you have diddly squat, it's a massive amount.
    Originally posted by poppasmurf_bewdley
    Fair enough... compared to friends of mine who have had loans or finance around 10000 I consider it a small amount but thanks for your opinion??
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