Daughter in law was told she was accepted for a tesco loan to buy my son a car for his birthday. Paid a £500 deposit, then heard nothing else from Tesco. She phoned Tesco as she hadn't heard anymore for a few days. Was told "you've got nothing to worry about you know you've been approved" She was then told despite have am excellent credit rating the underwriters had not approved the loan because she wasn't registered to vote at her new house (Moved in about 9 months ago) This was never mentioned on the application. She now can't go anywhere else as she has to declare she's been refused a loan!! Tesco didn't even think it was important to let her know the underwriters had overturned the decision. (obviously no profit in letting customers know they've been refused) A few lessons to learn 1: Make sure you're registered to vote when you buy a new house. 2: Don't trust Tesco when you're told your application has been accepted 3: Tesco loans may be one of the cheapest but remember you get what you pay for. Go to a proper bank