Mortgage Advice

annamcb80

Hi all, need an advice on mortgage. We got a "decision on principle" from HSBC three weeks ago and they said we need to find a house now. So we found the house, made an offer that has been accepted, get our solicitor involved and so on. Come back to bank a week ago to make an application and a nightmare has started. Manager told that mortgage has been rejected (she didn’t not make credit search on us- we would have sms from Experian if she had) and our case will be passed to underwriters. A week passed and no news from bank despite of my emails to her. We have some problems as satisfied CCJ of £285 that my hubby get 4 years ago so I think that a reason of first rejection really. The question is –shall we cancelled the process from bank and go to mortgage broker. We really don’t want to lose that house and I don’t know if that worse to wait an answer from HSBC as we don’t want a lot of credit searches on our file during short time.
P.S. sorry for my grammar –English is not my first language

TrickyDicky

HSBC are a very picky lender, so a broker will be your best option.

Remember, a decision in principle is only based on information you provide, whereas a full decision is based on information provided by the credit reference agencies and will be more detailed than what you provide.

Annisele

As TrickyDicky says, HSBC are known for being extremely picky - and I'd agree that you could do with a chat with a broker.

Are you sure they didn't do a credit check? Experian is only one of three credit reference agencies.

Mark09

HSBC use callcredit.

I only know this because they recently reject me for no reason known to me