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Are the HSBC always so slow?
mambo69
Posts: 451 Forumite
Decided to move my mortgage from Nationwide to HSBC, completed the application beginning of July, had all my documents sent back on July 7th and since that date silence
Decided to ring up today to see where it was ata and was told its with the underwriters you may get a call this week
i am borrowing 53k on a house valued at 100k, and earn 29k with one debt only, 300 per month with less than 3 years on it
why does it take so long?
Decided to ring up today to see where it was ata and was told its with the underwriters you may get a call this week
i am borrowing 53k on a house valued at 100k, and earn 29k with one debt only, 300 per month with less than 3 years on it
why does it take so long?
0
Comments
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Because they don't have the staff or the systems to cope with the amount of business they are writing.why does it take so long?
That's why they are extremely picky.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I would suggest that the application may be declined, as it just shouldnt take this long, for eg, put a Woolwich mortgage online on friday, offered today. Bingo. I would have thought the rate you are going for is similar to what the Wooly are offering.I am a Mortgage Advisor. You should note that this site does not check my status as a Mortgage adviser, so you need to take my word for it. This signature is here as i follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldnt be seen as financial advice.0
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By the time they decide I may have already paid of my existing mortgage :-)
Struggling to think of any reasons why it may be declined, but to be honest if they do i will just go back to my current provider and sort another fixed rate out0 -
Hmmm... we've just remortgaged (inc extra borrowing) with HSBC and it was all turned around really quickly, I think in 3-4 weeks from the initial appointment at the brance to mortgage application, survey and completion. Computer just said 'yes' as far as i know
I can imagine that they are very busy with applications having such good deals on the market.0 -
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