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  • FIRST POST
    • davilown
    • By davilown 12th Jun 17, 9:01 PM
    • 1,421Posts
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    davilown
    HSBC 24 hour application
    • #1
    • 12th Jun 17, 9:01 PM
    HSBC 24 hour application 12th Jun 17 at 9:01 PM
    As the title, has anyone had any experience with HSBC's 24 hour application to approval? We're off there next week and are hopeful!

    We do bank with First Direct as well
    Back in Debt £186,480/£225,000 on a mortgage, Overpayment £96 pm - Aim to be Mortgage free by 2028
    £27000/£27000 paid off Feb 2010 since LBM Jan 2007!
Page 1
    • amnblog
    • By amnblog 13th Jun 17, 11:44 AM
    • 9,529 Posts
    • 3,682 Thanks
    amnblog
    • #2
    • 13th Jun 17, 11:44 AM
    • #2
    • 13th Jun 17, 11:44 AM
    You'll probably spend the first two hours there next week, then you'll have to see when the other 22 happen.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • davilown
    • By davilown 13th Jun 17, 11:50 AM
    • 1,421 Posts
    • 918 Thanks
    davilown
    • #3
    • 13th Jun 17, 11:50 AM
    • #3
    • 13th Jun 17, 11:50 AM
    Is it that bad? Should I just apply online tonight and hope that's quicker?

    Many thanks fir the reply Amnblog
    Back in Debt £186,480/£225,000 on a mortgage, Overpayment £96 pm - Aim to be Mortgage free by 2028
    £27000/£27000 paid off Feb 2010 since LBM Jan 2007!
    • kmills89
    • By kmills89 13th Jun 17, 12:11 PM
    • 10 Posts
    • 4 Thanks
    kmills89
    • #4
    • 13th Jun 17, 12:11 PM
    • #4
    • 13th Jun 17, 12:11 PM
    I asked about this at my local branch a couple of weeks ago and was told that the adverts are actually very misleading. Apparently it's usually only for remortgaging situations and existing HSBC customers - so being a FTB with no previous HSBC accounts there was no way I'd get it done in a day.


    They told me online would be the fastest option for me, given that the next available in branch or telephone appointment was almost three weeks away at the time.


    Maybe give them a call to see what your chances are of having a one-day approval?
    • FIRSTTIMER
    • By FIRSTTIMER 13th Jun 17, 7:47 PM
    • 248 Posts
    • 50 Thanks
    FIRSTTIMER
    • #5
    • 13th Jun 17, 7:47 PM
    • #5
    • 13th Jun 17, 7:47 PM
    They do approve within a day if you fully bank with them. My application was fully approved with first direct on the phone after application - it then went to underwriter that day and I had a call the morning after saying yes no issues.


    I just find all the negativity around First Direct/HSBC is with customers who either no full well they have not got a squeaky clean record/bad accounts with HSBC. They only approve simple cases with clean records and proper employment records quickly. If you have issue after issue then they will probably take ages. THEY WANT THE BEST HENCE THE BEST RATES.
    Savings £17500
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