Terms and Conditions | The Second Mortgage Company

Terms & Conditions

The below is a guide as to how Loans Warehouse will use your personal information. Loans Warehouse will assist in advising and arranging your loan application (subject to criteria).

A guide to the use of your personal information by ourselves and at Account Information Service Providers, Credit Reference and Fraud Prevention Agencies

We may use Account Information Service Providers (AISP), Credit Reference Agencies (CRA) and Fraud Prevention Agencies (FPA) to help us make decisions. How we, AISPs, CRAs and FPAs will use your information is detailed below

By confirming your agreement to proceed you are accepting that we may each use your information in this way.

How we will use your data

  • 1. We will search at AISPs, CRAs and FPAs for information on all applicants. In so doing we will provide current and previous names, addresses and dates of birth, of all parties, so if you are providing information about others, on a joint application, you must be sure that you have their agreement. If you give us false or inaccurate information and we identify fraud, details may be passed to credit reference and fraud prevention agencies.
  • 2. We will use the information provided to us by AISPs, CRAs and FPAs to help make credit or credit related decisions about all applicants, to verify their identity, for the prevention and detection of fraud and/or money laundering, and to manage accounts. We may use scoring methods, which may be automated, to do this. If you borrow from us and do not make payments that you owe us, we will trace your whereabouts and recover debts.
  • 3. When credit reference agencies receive a search from us they will place a search “footprint” on your credit file whether or not this application proceeds. If the search was for a credit application the record of that search (but not the name of the organisation that carried it out) may be seen by other organisations when you apply for credit in the future.
  • 4. If you are making a joint application now or have ever done the following we will check your financial associates’  personal accounts as well: -
    4.1. Applied for credit with someone else
    4.2. have joint account(s);
    4.3. are already financially linked²;

Links between financial associates will remain on your and their files until such time as you or your partner successfully files for a disassociation with the credit reference agencies.

¹ A financial associate will be someone with whom you have a personal relationship that creates a joint financial unit in a similar way to a married couple. You will have been living at the same address at the time. It is not intended to include temporary arrangements such as students or rented flat sharers or business relationships. Credit reference agencies may link together the records of people that are part of a financial unit. They may do this when people are known to be linked, such as being married or have jointly applied for credit or have joint accounts. They may also link people together if they, themselves, state that they are financially linked.

  • 5. Credit reference agencies will supply to us, public information such as County Court Judgments (CCJs) and bankruptcies, electoral register information and fraud prevention information on applicants’ and their known financial associates current and previous names, addresses and dates of birth.

How your data WILL be used by CRAs and AISPs:

  • 6. The information which we and other organisations provide to the credit reference agencies about you, your financial associates and your business (if you have one) may be supplied by credit reference agencies to other organisations and used by them to
    6.1. Prevent crime, fraud and money laundering by, for example checking details provided on applications for credit and credit related or other facilities
    6.2. Check the operation of credit and credit-related accounts
    6.3. Verify your identity if you or your financial associate applies for other facilities.
    6.4. Make decisions on credit and credit related services about you, your partner, other members of your household or your business.
    6.5. Manage your personal, your partner’s and/or business (if you have one) credit or credit related account or other facilities.
    6.6. Trace your whereabouts and recover debts that you owe.
    6.7. Undertake statistical analysis and system testing.
    6.8. Credit reference agencies can also be fraud prevention agencies.
    6.9. Conduct income verification, identity verification and credit checks

How your data may be used by fraud prevention agencies:  

  • 7. The information which we provide to the fraud prevention agencies about you, your financial associates and your business (if you have one) may be supplied by fraud prevention agencies to other organisations and used by them and us to: -
    7.1. Prevent crime, fraud and money laundering by, for example;
    7.1.1. checking details provided on applications for credit and credit related or other facilities
    7.1.2. Managing credit and credit related accounts or facilities
    7.1.3. Cross Check details provided on proposals and claims for all types of insurance.
    7.1.4. Checking details on applications for jobs or when checked as part of employment
    7.2. Verify your identity if you or your financial associate applies for other facilities including all types of insurance proposals and claims.
    7.3. Trace your whereabouts and recover debts that you owe.
    7.4. Conduct other checks to prevent or detect fraud
    7.5. Undertake statistical analysis and system testing.
  • 8. Your data may also be used for other purposes for which you give your specific permission or, in very limited circumstances, when required by law or where permitted under the terms of the Data Protection Act 1998.
  • 9. Your data may also be used to offer you other products, but only if permitted

How to find out more

You can contact the credit reference agencies currently operating in the UK; the information they hold may not be the same so it is worth contacting them all.
They will charge you a small statutory fee.

  • TransUnion, Consumer Services Team, One Park Lane, Leeds, LS3 1EP or call 0300 024 7574 or log on to www.transunion.co.uk
  • Equifax, Credit File Advice Centre, PO Box 1140, Bradford, BD1 5US or call 0844 335 0550  or log on to www.equifax.co.uk
  • Experian, Consumer Help Service, PO Box 8000, Nottingham NG80 7WF or call 0844 481 8000 or log on to www.experian.co.uk
  • Credit Kudos, 4 Bath Place, London, EC2A 3DR or call 0203 0967180 or log on to  www.creditkudos.com

Personal Loans

  • 10. Loans Warehouse is paid a commission from the lender. We do not charge a fee for finding a personal loan for you.
    10.1 Where you were introduced to us by a third party, we may pay a commission to the third party upon completion of your personal loan.

Welcome to our website. If you continue to browse and use this website, you are agreeing to comply with and be bound by the following terms and conditions of use, which together with our privacy policy govern Loans Warehouse's relationship with you in relation to this website. If you disagree with any part of these terms and conditions, please do not use our website.

The term ‘Loans Warehouse’ or ‘us’ or ‘we’ refers to the owner of the website whose company registration number is 5771864, registered in England. The term ‘you’ refers to the user or viewer of our website.

The use of this website is subject to the following terms of use:

  • The content of the pages of this website is for your general information and use only. It is subject to change without notice.
  • Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and materials found or offered on this website for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law.
  • Your use of any information or materials on this website is entirely at your own risk, for which we shall not be liable. It shall be your own responsibility to ensure that any products, services or information available through this website meet your specific requirements.
  • This website contains material which is owned by or licensed to us. This material includes, but is not limited to, the design, layout, look, appearance and graphics. Reproduction is prohibited other than in accordance with the copyright notice, which forms part of these terms and conditions.
  • All trademarks reproduced in this website, which are not the property of, or licensed to the operator, are acknowledged on the website.
  • Unauthorised use of this website may give rise to a claim for damages and/or be a criminal offence.
  • From time to time, this website may also include links to other websites. These links are provided for your convenience to provide further information. They do not signify that we endorse the website(s). We have no responsibility for the content of the linked website(s).
  • Your use of this website and any dispute arising out of such use of the website is subject to the laws of England, Northern Ireland, Scotland and Wales.

As a mortgage is secured against your home, your home could be repossessed if you do not keep up the mortgage repayments. Think carefully before securing other debts against your home.

Why not call us for free? 0800 0831593