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HSBC - Is it really impossible to get a mortgage?

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Comments

  • kingstreet
    kingstreet Posts: 39,353 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    If your vendor has not yet found a property, do not make a full mortgage application, nor spend money on fees, until the chain is fully formed.
    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.
  • billchecker1
    billchecker1 Posts: 240 Forumite
    Well I have an appoiontment with HSBC tomorrow so will discuss the booking fee then. In the mean time I will find out the current status of the seller.

    Anyone have any ideas on my HSBC/Halifax situation though?
  • lawlie
    lawlie Posts: 84 Forumite
    Bill, have you tried using this tool to see how much capital will be repaid:

    http://www.guardian.co.uk/money/mortgage-calculator
  • dumpallhere
    dumpallhere Posts: 272 Forumite
    Seventh Anniversary Combo Breaker
    http://forums.moneysavingexpert.com/showpost.php?p=61917847&postcount=39
  • LittleMissAspie
    LittleMissAspie Posts: 2,130 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    billchecker1 wrote: »
    So in effect Halifax appears to be cheaper.
    Appears to be, but isn't. You must compare like with like and that includes the mortgage term. Combined with the slightly cheaper fees, you are better off with HSBC.
  • billchecker1
    billchecker1 Posts: 240 Forumite
    edited 8 January 2014 at 8:52PM
    Sorry to have proved you wrong amnblog ;) but just to let folks know that we completed our purchase on Monday.


    Certainly seems HSBC are happy to lend at high LTVs if you can prove you have a solid steady income.


    In fact we ended up getting a house that was even more expensive than the one in the original post, £250k.


    Thanks for those that helped along the way :) Especially Caldan.
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