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HSBC increasing interest rates!
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TEDDYRUKSPIN
Posts: 1,528 Forumite
HSBC are apparently increasing the mortgage interest rates for Monday and reducing the booking fee back to £499ish.
The are also releasing new rates but require 75% LTV but of booking fee of £999.
If you have had a recent quote, you need to start the application before Friday and have to complete the application by next week!!!!
HSBC have been voted the best overall total cost mortgages.
Any good luck. News came from a staff when I popped into the bank.
The are also releasing new rates but require 75% LTV but of booking fee of £999.
If you have had a recent quote, you need to start the application before Friday and have to complete the application by next week!!!!
HSBC have been voted the best overall total cost mortgages.
Any good luck. News came from a staff when I popped into the bank.
Motto: 'If you don't ask, you don't get!!'
Remember to say thank you to people who help you out!
Also, thank you to people who help me out.
Remember to say thank you to people who help you out!
Also, thank you to people who help me out.
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Comments
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Gutted.
Myself and my girlfriend saw a Mortgage advisor at HSBC last Saturday to agree a mortgage in principle. We phoned back on Monday to arrange a date to start the Mortgage Application and were told that we could not get an appointment for two weeks! (Saturday 4th October).
If this is true we will supposedly have to pay more?
Any advice on what we should do?
Thankyou in advance.0 -
I'm with HSBC, looking to go onto their tracker at 5.94 when mine expires in Nov. I was told rate changes come into effect this friday but only applied to fixed rate, the advisor said +0.30%. Anyway, we shall see..........0
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May have the best prices but they sure as hell don't have the best service.I am a Mortgage and Protection AdviserYou should note that this site doesn't check my status as an Adviser, 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.0
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Gutted.
Myself and my girlfriend saw a Mortgage advisor at HSBC last Saturday to agree a mortgage in principle. We phoned back on Monday to arrange a date to start the Mortgage Application and were told that we could not get an appointment for two weeks! (Saturday 4th October).
If this is true we will supposedly have to pay more?
Any advice on what we should do?
Thankyou in advance.
Ring them up and do the application on the phone - 08004949990 -
The same thing happened to us when we went to our main branch, but then we went to another (smaller) branch and we got an appointment in 3 days because their mortgage advisor only visited one day a week and being smaller they didn't have so many people waiting.
I have had excellent service from HSBC and no I don't work for them!!!0 -
Ring them up and do the application on the phone - 0800494999
Thankyou, I think we may do that. Do you know what time the phone lines are open till?
Failing that I could try another branch but it may be easier to do it over the phone. We know what product we want.
Cheers
P.S Will keep you all updated.0 -
Girlfriend has been into branch today and managed to get an appointment with a different advisor for Saturday which is good.
So we will start the application then.
Cheers for your help.0 -
If it went the other way and they put their rates down would you take so much of an interest and want to get thru the door as early as possible. my answer would be no. If you miss the boat don't complain to them.I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Take advice with a pinch of sea salt!0 -
If it went the other way and they put their rates down would you take so much of an interest and want to get thru the door as early as possible. my answer would be no. If you miss the boat don't complain to them.
As anyone else would be in my position, you would probably all do the same. There are three mortgage advisors at this branch, the two of them have called all their customers in their diary for the next few weeks to say that rates were increasing, these current customers were told that they had until the 1st October to start a full application based on their AIP to gain advantage of the low rates.
The advisor we saw has not phoned his customers hence we didnt know where we stood. We have today booked in with one of his colleagues to get things sorted on Saturday so we can still have the same rate.
If rates would have come down, no I wouldnt have complained, im not complaining to them now either, I just want to take advantage of the lower rate before its increased. The site is called Money Saving Expert, I thought this forum was all about trying to save money 'Toughluck'? Shoot me if im wrong0
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