E-Loans www.eloans.co.uk Review

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E-Loans www.eloans.co.uk
5 stars
Average rating for this product is: 5 out of 5

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JoeRiker's Review of E-Loans www.eloans.co.uk

6th Jun 2008

Overall Rating

5 stars
  • Value for money
    4.5 stars
  • Repayment Method
    Repayment
  • Product
    Fixed rate
  • Loan Rate
    Not Set! Not Set!
Good Points

Extremley responsive mortgage assistant; Low fees; Fast process


Bad Points

Don't do VA; so easy you actually feel like it's to good to be true.


General Comments

We chose Eloan because we were moving from an overseas assignment and didn't know anyone local. We did prequalify with others just to get comparisons on closing fees, rates, and service. We went FHA because my VA was getting cleared up. We are extremely happy that we chose Eloan. From offer to close was 3 weeks. The service rep responded to every request very fast. There were a lot of documents that needed to be submitted but I believe that is because the lender market has tightened up. We had everything he requested so it was no problem. We were very apprehensive because the fees seemed low and the process was easy. Very sastisfied.

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NameCredit RatingAPRTypical APRMin Loan AmountMax Loan AmountHome Owner  
Alliance & LeicesterGood8.00%8.00%£7,500.00£14,950.00No
Sainsbury's LoansGood8.00%8.00%£7,500.00£15,000.00No
Nationwide LoansBad7.90%7.90%£7,500.00£14,999.00No