Lending Criteria

kier333

Can anyone advise of HSBC lending criteria on 90% LTV?

I have 1 default (mobile phone) 1 yr old, banked with HSBC over 5yrs and have both a loan/ CC with them always paid on time.

Whats my chance of getting the morgage as i don't want to use a Sub prime lender if at all possible.

Mant thanks in advance

feisty1

Quote"Can anyone advise of HSBC lending criteria on 90% LTV?

The best people to answer this are HSBC, as it it their underwriting department who that take this decision...........

skintbuilder

hi to you all ,,

been off a while now,

can anyone tell me who does mortgages for me now im a discharged bankrupt.

struggling to find

cheers

kier333

Hi Feisty1,
Thanks for the reply, what i wanted to know though was generally speaking do they, i have to wait until next week for the decision and i'm anxious.

I just wanted to know how strict there lending criteria is?

Thanks

feisty1

kier333 wrote: »

Hi Feisty1, Thanks for the reply, what i wanted to know though was generally speaking do they, i have to wait until next week for the decision and i'm anxious. I just wanted to know how strict there lending criteria is? Thanks

I did guess you would be anxious hence the reason it is better hearing it from the "horse's mouth".......nobody can tell other than HSBC, some people may post "no problem" others "no chance", I'm sure you'd like to hear "no problem" but that would be unfair if at a later date u rcvd a reply which disappointed you......."what will be will be" If you had been using an adviser they would have had plan B in place, just in case..........

kier333

Thanks,

But like i said what i hoped for was some advice from someone who maybe worked there etc and could say that its still possible....i guess i just want some hope!

feisty1

[quote=skintbuilder;18539117]hi to you all ,,been off a while now, can anyone tell me who does mortgages for me now im a discharged bankrupt. struggling to find cheers[/quote]


skintbuilder; You have hijacked this thread.....in answer to yr question, you will have to consult an adviser as it will be a specialist lender (if they can be found)

kier333

I just spoke with HSBC the underwriters are close for the weekend however, i have been told that each application is done on merit and they sometime lends when the person has a default depending on the circumstances ie amount/time etc

Is this correct?

feisty1

why are you not believing what HSBC are telling you, nobody is more qualified to give you an answer than them!!!........you're looking for someone on here to tell you no problem and nobody can .........as it is not their money they are lending you! Go off and enjoy yr weekend and wait, just like everybody else has to for to receive a reply............