Anyone looking at the HSBC’s RateMatcher mortgages?

jasonmymail

uklad wrote: »

Just a word of warning all the HSBC paper work that I got states that rates are subject to changed until basically the fee has been paid...

I did my application in-branch and the girl took my cheque and banked it there and then.

If you have applied by phone/internet I would ask if it's possible to pay in your arrangement fee over the counter, that way you can prove that the money was in their hands pre-deadline.

Patmoore

Blimey what a day. With the mortgage manager for nearly 5 hours. Bless, managed to go through nearly the whole lot. Approved and paid booking fee \o/

I've seen how much 2,3 and 5 year are going up by on Monday as well. Apparently if you can get past a certain point in the process you can still get the rate by close of play Monday.

jasonmymail

Patmoore wrote: »

I've seen how much 2,3 and 5 year are going up by on Monday as well.

Do you want to share?

Well done on getting it all done in one day. 5 hour marathon though, blimey took me just over an hour... what were they doing with you all that time, is there a full body search involved as part of the application process in your branch

SuzieMum

Patmoore wrote: »

I've seen how much 2,3 and 5 year are going up by on Monday as well. Apparently if you can get past a certain point in the process you can still get the rate by close of play Monday.

Please do share! This is kind of a life changing thing for me.

gowgowuk

Update: after talking on the phone with the local branch Mortgage manager, he said that if I come to the branch for my application on Monday, the fixed rate would almost certainly not be guaranteed. He advised that I should try again to book directly on the phone, which I did. They started telling me once again that I need to go to a branch! Until I told them I'm banking with First Direct, which allow them to do their security check on the phone and finally they could proceed with the application.
As long as I send the paperwork rapidly, they guarantee my fixed rate (4.24%, 5 years, £799 fee) for 14 days!
Still, a few contradictory informations: in branch, they insisted they could not keep the offer for more than 3 months, whil on the phone, I could book a starting date in 6 months time.
The guy on the phone said that the Rate Matcher offer rates are not going to change until the end of the offer (end of July!)
Anyway, I'm sorted now! :T

geet

i have also spoken to nice girl on phone and she has okayed everything and has said my rate is guaranteed - 4.34, 5 years, £899 fee. they will send papers and it should get back to them in 14 days. only problem my flat is coming up as a house in some site they check and so i may be charged valuation fee. i now have a battle with managing agents as they are a rip off. why is our five floor converted flat listed as a basement flat + house? if i have to pay £192 valuation fee can i hold the managing agents responsible???

Charlton_King

This is all wonderful.

Now all I need is for them to offer the same deal to self-certification clients...

SuzieMum

My 3 bedroom semi detached house was listed on theirs as a 3 bedroom bungalor - the desktop valuation was declined and we are now waiting to pay £192 for valuation too! I told them it's a semi house and they said they may go back to desktop and re-value it. Try that first maybe? I feel like I am jumping through hoops so may end up sticking with Britannia at 4.99% for 5yrs. Im just so scared on monday HSBC will go up and possibly Britannia and them I'm in a sticky situation!

geet

I called my managing agent and they washed their hands off the whole issue. So now I am on to the Real Valuation site and from there to Hometrack and finally traced a number - I am going to call them NOW. I suggest you too do the same SM. From what I gathered from the website they are a monopoly in this kind of valuation and if they have a wrong info then we end up paying for it - I am furious and would like to know if more people have had this problem and if this issue should be posted as a separate issue and if so where?

SuzieMum

Sorry, you have kind of lost me with all that Hometrack etc, I've never heard of those. Thank you though but it doesn't matter now anyway.
We have decided to pull out of the HSBC deal completely. It's been long enough for their valuers to call us and now we don't want to shell out £192 for them to say it's not worth that much and then change the LTV and therefore the % deal. So sod it, we are sticking with Britannia 4.99% for 5 years, however in the meantime I am staying on their SVR for 4 months as we can hold it that long now that we have paid the fee.