HSBC - any good?

sarmia

Right subject to rates, looking to sign up with HSBC.

Has anyone had an issues with them?

Archlever

Nope...top class, very speedy and efficient in my experience. They are a conservative lender though.

_Andy_

Reasonably slow timescales, no problems as a lender IMO.

michaels

Very mean when it came to passing on interest rate reductions when they had previously claimed to be the most competitive of the big banks...would steer clear of anything linked to their svr.

talkalot

Our mortgage with them is due to start in the next couple of weeks. It was approved back in February. Did application in branch due to my credit history. Very quick with decision and house valuation. I must add they were the ONLY high street bank who would give me a re mortgage post IVA. Valued our house at more then we thought it was worth and managed to get a 10 year fixed rate at 4.98%. Top marks so far.

sarmia

Wish the 10 yr was still there. Been offered the 4.98 for 7 years with the 995 booking fee.

Llyllyll

I went through the application with them yesterday for their 5 year fixed at 4.24% with a £599 fee. Ok so far...

sarmia

You say conservative.

My OH has had overtime paid for the past 6 years which adds an extra £10k onto his wages, will they take this into consideration of only his basic?

Peelerfart

No problems from here, been with them over a year with no issues.
Speedy response to correspondence in any form, so much better than my last lot.

Llyllyll

Llyllyll wrote: »

I went through the application with them yesterday for their 5 year fixed at 4.24% with a £599 fee. Ok so far...

...Update

As a non-HSBC customer I had to take all the (original) required documentation into the local branch to get it copied and certified by one of the advisors - fair enough I thought.

Today however I had a letter stating that I have to "take all the required documentation down to a local HSBC branch so that a staff memeber can copy and certify it".

I have just had to spend about 20 mins on the phone to them (on an 0845 number) trying to explain that I had already done this and if their staff didn't know what to do with a mortgage application it was hardly my fault.

If any non-HSBC customers are about to take out a mortgage with them make sure that you see that the staff certify the documents in front of you to avoid a similar situation.

geet

I checked the HSBC website and found that I can get 4.34 interest for 5 years for £899 fee. I can reserve and switch in October when my present mortgage period finishes. Abbey with whom I am at present is offering 4.99 for 4 years for £924 fee from this month itself. They say that if I choose another lender I will have to pay legal and valuation fee and also the £225 exit fee.

Can anybody advice me as to if sticking with Abbey is better for me. I tried to get a five year and better deal but they say the best they can do is four year deal with 4.99 and £924:-(

Thanks in advance.