Having applications declined causes stress and may have gone on your credit file. Not all lenders will be alarmed if you’ve been declined for a loan but your next application should be for a loan that is ideally suited to your circumstances and with a lender who won’t hold it against you.
This is one of the most common concerns people have when they’re hunting for a loan. But while it is important to find a competitive interest rate, it means nothing if you don’t meet the lenders policy.
Finding good solutions for you will involve learning about your situation and then researching your options. Sometimes we’ll recommend a single step solution and in other cases, there could be a number of steps. One thing is for sure; we will work to ensure your financial situation is improved as a result of working with us.
The key difference with Lending Mate™ is that we are focused on the borrowers that lenders and mortgage brokers don’t normally work with. We have a vast amount of lending expertise and know all about loans available for people who don’t tick the standard boxes. We know how to find a way to “yes” that makes sense and doesn’t put you in a worse position than you were before.
And there is no great secret to it. First, we have strong relationships with a range of lenders and we make sure we know their lending criteria inside out. Second, we make sure we fully understand your situation to find the most competitive solution that fits your individual circumstances. Thirdly, in the submission to the lender we use our expertise to present the information we have uncovered about your scenario in a way that addresses their key concerns.