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What can catch me out?

Some lenders offer an attractive interest rate to hook you in and later in the process it increases when it’s too late to go to another lender

There are also lenders who offer lower rates for the first 3-6 months of the loan but  increase them after that. Often a higher rate at the beginning is better value for you.

What’s the reputation of the broker and the lender like? Some of the smaller lenders may not have the money to complete on the loan.

If your broker is not FCA regulated they won’t have direct access to all of the more established lower-priced lenders.

You can check the regulation by looking at the bottom of their emails or website and either they or the firm should be on the FCA Register.

Searchlight Finance Ltd is a broker not a lender.

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We are a credit broker not a lender.

Searchlight Finance Ltd is registered at 98, King Street, Knutsford, Cheshire, WA16 6HQ. Company Register number is 07929050.

Authorised and Regulated by the Financial Conduct Authority. Our FCA registration number is 743220. You can check via www.register.fca.org.

We are registered with the Information Commissioner’s Office, Z3109319 and you can check via www.ico.org.uk.

We conduct both regulated and unregulated business and therefore not all products provided through us are regulated by the Financial Conduct Authority.

We source finance from the whole of market and may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.

Member of National Association of Commercial Finance Brokers (NACFB).