Can’t get a mortgage because of Lendology loan
Update: it appears that getting a loan with Lendology makes it impossible to remortgage your property because of the title restriction they place on your property. My mortgage broker can’t find a mortgage because the Lendology restriction even though there is a massive amount of equity in the house. My only option to get a mortgage is to pay off the Lendology loan. I honestly wish I hadn’t bothered with Lendology. It would have been less hassle just getting a personal loan out or remortgage first.
Reply from Lendology CIC
Dear Clair, thank you for your comprehensive feedback. We appreciate your feedback on the scheme including how straightforward it has been to apply.
I am sorry that the EPC requirement regarding the second loan was not made clear to you, and we have now reviewed our customer communications to remedy this for future customers.
I also believe that we have now resolved your complaint offline to your satisfaction but do please get in touch if there is any further support we can provide you with your loan accounts.