By using this site you agree to the following Terms and conditions detailing the usage of the site by Lenders, Borrowers and the Mortgage Agent administering the site. 

LoanShark is an online portal connecting Borrowers and Lenders through an online bid process. The site is administered at all times by a registered mortgage agent. 

All information provided by borrowers using the site is verified by the mortgage agent to the best of their abilities, however, Lenders are responsible for verifying all info provided to them once they have a winning bid. LoanShark makes no representations and/or warranties as to the accuracy of any information provided by the Borrowers, therefore we will not accept any liability or responsibility for the accuracy of any information supplied by a Borrower. 

• LoanShark does not give any advice, opinions or representations as to whether one Borrower or Lender is better than the other. We merely facilitate the process of connecting Lenders and Borrowers.
• Lenders using the site are responsible for determining if the Borrower fits their lending criteria and if the Borrower credit worthiness and collateral is acceptable to them.
• Lenders should seek their own independent financial and/or legal advice where necessary.
• By using this site Lenders agree to process the mortgage file through the LoanShark Mortgage agent assigned to the file. At no time will the Lender circumvent LoanShark and proceed to deal directly with the Borrower.
• Lenders are free to use their own Lawyers for closing/registering the mortgage loans. If you do not have a lawyer, one will be provided.
• Lenders and Borrowers agree to direct the lawyer closing the file to pay LoanShark on registration of the loan as per the remuneration amount Set out in the loan file.

By using this site, you agree to not reproduce any of the content, procedures, information or any other such data you may be privy to. Any unauthorized access/reproduction or download of the site shall result in immediate termination of your account and may violate copyright laws and other laws and you may be subject to fines by local authorities. 

All Logos displayed on this site are registered trademarks of LoanShark and may not be used or reproduced without consent. 

By using LoanShark, you agree to enter into a mortgage commitment once a bid is won and processed, as a Borrower or a Lender.  As a result of this mortgage commitment, the rights and obligations owed by each party to the other shall be detailed in the mortgage commitment, and governed by the mortgage commitment. LoanShark does not govern the terms and conditions of the mortgage commitments. 

Storage and Use of personal information and documents 

By using this site you explicitly give LoanShark permission to store your personal documents and information such as credit reports, copies of ID, and mortgage documents and other such documents required for mortgage/loan approval process. You agree and authorize LoanShark to share these documents with potential Lenders as part of the approval process. These documents shall be stored on a local server. 

Credit Report 

As a borrower, you agree to provide an up to date credit report from Equifax or TransUnion. You agree and authorize LoanShark or the Lender to order their own Credit Report should they need to.  

Electronic signature 

Lenders and Borrowers consent to the use of electronic signatures on this site and all documents relating to the mortgages obtained through LoanShark.

Lenders and Borrowers agree that any electronic signatures appearing on LoanShark Documents are the same as handwritten signatures for the purposes of validity, enforceability and admissibility, and that any electronically signed LoanShark Document shall, for all purposes of the mortgage Documents and applicable law, be deemed to be "written" or "in writing", to have been executed, and to constitute an original written record when printed, and shall be fully admissible in any legal proceeding. For purposes hereof, "electronic signature" shall have the meaning set forth in the Uniform Electronic Transactions Act, as the same may be amended from time to time.

Cookies  

By using this site you acknowledge LoanShark uses Cookies and other tracking technologies to improve your browsing experience, to analyze our website traffic, and to understand where our visitors are coming from. .