Why and when should I give my details?
Secured loans have a complicated criteria and unless the lender or broker has your complete details including the authority to do a credit search then there is no way of knowing what product suites you or what you are eligible for it.
This is another reason why comparison sites and quick quotes are a waste of time.
Secured loans are probably the most expensive loan type for a broker or lender to process as normally all of the upfront cost of processing is not borne by you including the cost of valuing your property and the costs of the solicitors.
If you apply for the loan and go all the way through the process and then decide you don't want it you will have cost whoever you applied with somewhere in the region of £300 to £800 plus.
So it is only fair to apply for this product if you are reasonably sure that you would take the loan if the terms or the agreement suite your circumstances.
Secured loans have a complicated criteria and unless the lender or broker has your complete details including the authority to do a credit search then there is no way of knowing what product suites you or what you are eligible for it.
This is another reason why comparison sites and quick quotes are a waste of time.
Secured loans are probably the most expensive loan type for a broker or lender to process as normally all of the upfront cost of processing is not borne by you including the cost of valuing your property and the costs of the solicitors.
If you apply for the loan and go all the way through the process and then decide you don't want it you will have cost whoever you applied with somewhere in the region of £300 to £800 plus.
So it is only fair to apply for this product if you are reasonably sure that you would take the loan if the terms or the agreement suite your circumstances.