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TSB Not Offering 2.8% APR?

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  • Just carried out a check with Equifax, all looks okay. Not sure how to find an actual score figure though?

    I have it here.

    436.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 25 February 2018 at 9:52PM
    Done it! Sainsburys bank at 3.1%! Thanks everyone for their help.

    I think it's a bit miss leading that when you use the soft search on here it advises you that you have a 95% chance of getting a loan at 2.9% when in fact, you don't!
    Did it tell you very clearly that you had a 95% chance of getting a loan...or getting a loan at 2.9% (or 2.8%, you seem unsure of the rate)?
  • boo_star
    boo_star Posts: 3,202 Forumite
    Part of the Furniture 1,000 Posts
    Did it tell you very clearly that you had a 95% chance of getting a loan...or getting a loan at 2.9% (or 2.8%, you seem unsure of the rate)?

    It says the rate is representative (and if you mouseover this it explains what this means) and your eligibility further down.


    I suppose to the uninitiated they may assume that means an x% chance of getting the loan at that rate.
  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Just carried out a check with Equifax, all looks okay. Not sure how to find an actual score figure though?

    Dont worry about the score, TSB could have check the 2 agencies I mentioned but anyway I dont think you will get the headline rate anywhere else but no harm in trying a second lender.

    I have it here.

    436.

    Im sure I can beat that, let me check the system, yes I rate you at 500 Prof, makes you a 60% chance of acceptance.
  • Clive_Woody
    Clive_Woody Posts: 5,937 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    There is a soft search function on the TSB site that gives an indication of the APR they will offer you. I used this just over a week ago and it came up with 2.9% for £20,000. I applied and they gave me the loan at this rate....

    ...I then went to Nationwide who very kindly then beat this by 0.5%
    "We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein
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