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Further credit check from lender before completion?

gogo2013
gogo2013 Posts: 17 Forumite
edited 13 August 2013 at 10:12AM in Mortgages & endowments
Hello, we will complete the purchase this month, contract exchanged. We are with HSBC, usually does HSBC do anther credit check days before completion? a little worried

Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Why are you worried? What has changed?
    I am a Mortgage Adviser
    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.
  • ACG
    ACG Posts: 24,881 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    When are you due to complete?
    I dont know what HSBCs stance is as they do not deal with brokers but when i worked for RBS they used to update credit reports on the last day of the month, if your due to complete before September you may get lucky even if it does show AND HSBC do another a check.
    I am a Mortgage Adviser
    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.
  • ACG
    ACG Posts: 24,881 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    The real answer is nobody can give you a cast iron guarantee they will or wont.

    The lender will release the funds a day or 2 before the 30th so if the gym company were to update the credit report on the 30th, you should get lucky.
    I am a Mortgage Adviser
    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.
  • gogo2013
    gogo2013 Posts: 17 Forumite
    ACG wrote: »
    The real answer is nobody can give you a cast iron guarantee they will or wont.

    The lender will release the funds a day or 2 before the 30th so if the gym company were to update the credit report on the 30th, you should get lucky.

    Thanks a lot!:T
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