Hsbc rates

jason1231972

Myself and my OH were given an AIP last week. £40,000 @ 90% LTV (we don't need 90%, need about 63% but took a quote on 90% because of a few different factors). The rate was 4.29% fixed for 5yrs. The same mtg is about 4.7% today according to their online thingy. Not something I'm worried about!

Bluemeanie_2

I noticed, because everytime I reached the next LTV I use the "switch mortgage" facility online. I'm on the 80 LTV @ 3.19% tracker. I'm very close to hitting the 70% so logged on and made out like I was going to swap, only to notice the deal for my LTV is now 3.69% and the 70% LTV tracker is now 3.29% so I'll be staying on my rate.

Ganga

Hello Thrugelmir, the rates appear to have increased by 1/2 percentage point, not a great increase and possibly still the lowest rates about but as people like yourself have been telling other,the rates are all going in one direction only!

Alan

Thrugelmir

Ganga wrote: »

Hello Thrugelmir, the rates appear to have increased by 1/2 percentage point, not a great increase and possibly still the lowest rates about but as people like yourself have been telling other,the rates are all going in one direction only!

Alan

thanks. :beer:

Perelandra

Similar to FD- also part of HSBC. The rates have either increased by that 0.5%recently, or certain mortage types been removed completely.

What RavingMad and Yorkie say above seems to be correct- I had the offer documents from them, and they're continuing on the basis of those even though the product I am getting is no longer available for new applications.


Good luck.

princessdon

They have told me that they will honour the rate as long as all the documents are returned by the date "Monday". I haven't got all the paperwork they need. For some reason they wanted a letter by my OH company stating he was in permanent employment and we haven't been able to get that.

His HR department are querying why it is needed and dragging heels - they say it's irrelevant as employees can be dismissed up to 12 months so no position is "permanent".

We are going into branch tomorrow with a copy of the paperwork and his contract showing permanent and signed and fingers crossed it will be enough.

On the otherside HSBC are driving me mad! We had a current account years ago (closed 8 years ago) and they are insiting that we need a telephone password. They can't even answer a simple question like "will you honour the rate" or "what wording for the HR letter" without this. Totally annoying.

Ganga

Princessdon, We have been with the HSBC for over 33years,when it was the Midland Bank! and when you try to contact your local branch you still have to go thru the automated phone system.I do not do internet banking and do not trust it but in the end had to obtain a telephone password to end up speaking to a human being.
Good luck with your application.

Regards Alan