If I do not own my own property for security for a bank loan, are there any other ways I can raise t

Assuming that you are proposing to join a well-established franchisor whose franchisees have a good track record of paying back loans from the major banks, and provided the bank you are dealing with is happy with your business plan and your prospects of success, it may propose to fund you using the support of the Small Firms Loan Guarantee Scheme.  You will need to check whether your business qualifies, but the basic idea is that where there is no, or not enough, security to satisfy the bank’s requirement, the government guarantees to repay part of the loan to the bank if it all goes wrong. You will pay a premium interest rate, but at least you’ll be in business.  Other routes for satisfying a lender’s requirements may include other assets that you own, such as endowment policies with high surrender values, or having someone else stand as guarantor for your loan, using their own property or others assets as security.  Depending on your age and personal circumstances, with the new rules on pensions it may be possible to release some money from your pension fund, without having to continue to draw a pension from the balance, but you’ll need professional advice about this.