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Pre-selected mean sweet FA!

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gbhxu
gbhxu Posts: 356 Forumite
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Just been awarded higher rate mobility for PIP. Rather than use my award to get a car I'll never own, I decided to apply for a loan after seeing "You have been pre-selected for a loan of £45000"

Applied for £10000 and didn't get it.

Do I have any comeback against my bank?

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  • Sncjw
    Sncjw Posts: 3,519 Forumite
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    Was your application based on just your pip income? 
    Mortgage free wannabe 

    Actual mortgage stating amount £75,150

    Overpayment start date 1/3/23.

    Starting balance £66,565.45

    Current balance £63,787.16

  • Edi81
    Edi81 Posts: 1,455 Forumite
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    Somewhere there will be a subject to clause in the pre selection. 

    No come back at all. 
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
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    gbhxu said:


    Do I have any comeback against my bank?
    No. Acceptance is subject to final checks against latest risk criteria.
  • Grumpy_chap
    Grumpy_chap Posts: 15,389 Forumite
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    gbhxu said:
    "You have been pre-selected for a loan of £45000"

    I am amazed that anyone receives "pre-approved" marketing for £45k - that is absolutely huge!
  • mcpitman
    mcpitman Posts: 1,267 Forumite
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    gbhxu said:
    "You have been pre-selected for a loan of £45000"

    I am amazed that anyone receives "pre-approved" marketing for £45k - that is absolutely huge!
    I'll go with £4.5k with a misread extra "0" on the end.

    Unsecured loans of over £25k are rare if not impossible to get.
    Life isn't about the number of breaths we take, but the moments that take our breath away. Like choking....
  • Grumpy_chap
    Grumpy_chap Posts: 15,389 Forumite
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    mcpitman said:
    I'll go with £4.5k with a misread extra "0" on the end
    That's entirely plausible, but would also totally explain the OP's gripe:
    gbhxu said:

    Applied for £10000 and didn't get it.

    Do I have any comeback against my bank?
    The bank can't be liable for a misreading of the marketing communications.
  • superbigal
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    You did not apply for what you were offered also seems fairly obvious.  
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