Mortgage declined by underwriters after mortgage manager being so positive!!

firsty

motherofstudents wrote: »

My son and his girlfriend applied to HSBC and were turned down but then approached Halifax and no problems at all. They 'only' had 10% deposit (which when you think about it is a lot of money- our first mortgage was 100%). I know things are different now but young people have a hard time starting out these days. Anyway, they completed today so there is hope for FTBs and to firsty good luck, I hope you get your mortgage.

Thank you so much for the good wishes - we need them.

GMS

firsty wrote: »

Mortgage manager did go back to underwriters to 'argue' our case again, as he disagrees with the decision, but unfortunately wasn't successful. My partner has been banking with HSBC for over 10yrs, still using his accounts, but this didn't seem to help matters. Well done to you for getting there in the end - you deserved it after all!!

I have a client who has been passed from pillar to post with HSBC for 2 years. They gave up in the end.

Take no notice of a mortgage manager/adviser because they are neither. Just sales staff looking for points towards their bonus.

If you can get with HSBC then you are generally getting the best deals available. Problem is getting one, they are cherry picking the best deals.