3.4 million loan and mortgage declines could have been avoided

According to new research from GE Money up to 3.4 million borrowers have been turned down at least once for mortgages and loans in the past 18 months and one in eight of them had to apply four or more times before they were accepted for a mortgage or loan.

These high number of rejections could potentially have been avoided if more consumers used brokers to help with applications, as they can advise on which companies are likely to accept them and steer borrowers away from making mortgage applications which are doomed to failure.

With criteria changing regularly and the risk of decline increasing all the time, it is even more important that borrowers looking to obtain a mortgage or secured loan use reputable professional with broad experience, knowledge and systems at their disposal.

Enable Finance offer both mortgages and loans to UK borrowers.