Loanspage.co.uk - The Future of Loan Searching?
By: Fraser Baillie | Posted: 08th March 2007
Loanspage.co.uk was founded in the year 2000 and their 'dream' was to give their customers freedom of choice. Using the power of the internet they aim to bring to you a quality loan application process quickly and simply. It's a slick process allowing you to quickly match you circumstances to a potential lender.
It's free and by gathering your information Loanspage.co.uk can identify the lenders that are most likely to accommodate your
requirements. They then play the panel of master brokers against each other to close you the best deal. This is achieved through some of the most reputable lenders on the market, which include:
- Firstplus
- First National Bank
- EPF
- Paragon
- Nemo
- Blackhorse
- citi financial
- igroup
- Welcome Finance
- Swift
- Blemain Finance and many others....
Their panel has catered for thousands of customers that have been able to obtain high-street rates and those that have a more
challenging credit history.
Important
Refer to our loans guide for all you need to know about getting the best loan rates and read our secured loans guide to fully understand the implications of this form of lending.
So Have They Got the Process Right?
Because Loanspage.co.uk has a number of fast ways to find a lender the process is fast and simple. They have a database of financial deals currently available in the UK and a list of lenders who work well with particular circumstances to refer to. Using these sources and the direct relationships they have with their master brokers, Loanspage.co.uk is living its 'dream'. It works well and it's simple to understand.
But Will They Lend to Me?
The best way to find out is by filling in their application form, when complete the system automatically matches your details against
all of the available database records. Using the power of the internet the details are transmitted to the financial institution
which matches your needs.
Within 60 seconds Loanspage.co.uk can have your details with a financier..
You only have to complete your details once regardless of how many individual loan or mortgage applications you make. (this can save a lot of time)
Once you make the application the financial institution will contact you to make you a loan, mortgage or remortgage offer and to find you the most suitable outcome.
On/ Off Button
Loanspage.co.uk is like a switch, it will constantly find suitable lenders based on your circumstances, so once you've received enough offers, just log in and switch off your loan searching service. This can be done 24 hours a day from their home page.
How Much Does it Cost?
Loanspage.co.uk does not charge you a fee for using their loan search facility. They will match up your requirements with a suitable lender and because they receive a fee from the financial institutions that you borrow from they cover their costs. Which means they don’t charge you a penny?
It is possible that the lender you choose to do business with may ask you to pay a set up fee for your loan or mortgage. This fee
would apply even if you found the lender through a different source. The lenders must display the costs up front so remember, when comparing loans look for the loan that comes out best in terms of 'total amount repayable' (see our secured loans guide for further explanation). Always read the terms and conditions carefully and if in doubt take advice, to learn how, review our loan quote guide.
Summary
Loanspage.co.uk is the future in web based loan services, it matches who you are, with what you want and connects you to the financial institution that will do it. I am a big advocate of advances in the electronic processing of loan applications. Loanspage.co.uk keeps the paper work to a minimum and automates the searching process, we're not paperless yet but we're getting closer.
Using Loanspage.co.uk as part of the process outlined in the loan quote guide is a great way to access the best loan rates on the market.
About the Author
Occupation: Editor
Fraser Baillie is a passionate advocate of living a healthy lifestyle and a researcher of drinking water filters. Visit his site now at http://www.clean-pure-safe-water.com to discover which drinking water filters Fraser recommends after extensive comparisons.
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