If I’m pre-approved does that mean I will definitely get a loan?
Unfortunately not 👎
At various stages it may be stated that you’ve been ‘pre-approved’, this typically means that you’ve got to the next stage, but getting a loan will be subject to other factors.
Step 1 – Quotes via guarantorloansuk.net
The quotes you receive are an agreement in principle that the lender wishes to accept your application. Whether or not you’re approved by the lender will be subject to:
- The borrower and guarantor meeting all the lender’s criteria
Step 2 – Lenders Application
When you apply with the lender, they may at various stages say that they have pre-approved your application, though this again will be subject to the lender’s specific conditions, such as
- Showing suitable affordability
- Guarantor passing credit checks
- and more (see What’s the guarantor loan criteria?)
> See loans <