HSBC Mortgages

lowis

Despite my reservations about HSBC bank I went to see them about a 3yr fix rate mortgage - it was a pretty good deal which I saw in the Best Buy tables - 4.69%, overall APR 5.7%, meaning monthly payments of about £358.

I did the Agreement In Principle bit over the phone a few days ago but then went to their website a couple of hours later and noticed that the fix rates had all gone up. I assume that the AiP I completed with the telephone person based on the KFI reference I gave to him would be for the mortgage I originally went to see an advisor about - and not for the higher fix rates introduced that day?

Have tried calling HSBC to ask but can't get through...gah!

TEDDYRUKSPIN

Can't fully say what they would agree on but if you agreed on that rate before the new change and have signed within one month, i think, you are still at that low rate.

Drop into the bank and the people there are always helpful

plane_boy2000

Not so sure. A frien dof mine used to work for HSBC and hence got a discount. When she bought a house she used them - filled in application etc. Next day the rate went up and she thought lucky she was in time only to find that her branch had not submitted her application until the following day so they would only give her the new higher rate. She did protest, but they claimed that you were only entitled to the rate in force when the full application was received therefore I doubt you would get it based on an AIP