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The broker may also use the information:

To offer you other products which they make available;
To pass your details on to a lender or lenders they feel may be willing to lend you money;
To pass on your details to another broker, if your broker is not able to arrange finance for you;
To write to you in the future with a view to offering you products they feel may be of interest to you;
To pass your details to another broker in the future with a view to them offering you products they feel may be of interest to you;
To permit access to your information by the FISA or other regulatory bodies to ensure that the broker is processing information correctly and complying with regulatory requirements.

The broker may keep the information for several years. You can ask for the information not to be used to offer you other products. Any other broker or lender to whom the information is passed during processing your application may use it in the same way. Every company or person who processes or keeps data has a duty to keep that information up to date and accurate.

NOTE - CREDIT REFERENCE AGENCIES

The names and addresses of the main credit reference agencies are shown in the 'Credit References Agencies' section. Brokers and lenders may use one or more of these agencies. Information about which credit reference agency was used should be made freely available.

This guide tells you all the likely uses; some lenders may only do some of the things we explain. You should be told if a lender is going to use a credit scoring system.

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