sign up for HSBC current account to reduce mortgage fee

alsalmone

Hi, we have applied for a mortgage with HSBC. We have had one approved in principle and yesterday had the first of 2 meetings with a mortgage manager.

One of the things I found out in the meeting is if I was an HSBC current account holder it would reduce the arrangement fee for the product we want by 1/2 (I wish they'd told me that when I had a mortgage approved in principle).

We have the 2nd meeting on Thurs 10th Oct. At this point do you think I can apply for a current account and get the discount on the arrangement fee)?

cheers
Alastair

happycamel_2

I did, applied when we had a DIP. I cycle £500 a month through it as per their Ts and Cs.

kingstreet

Is there any minimum qualification period?

IIRC NatWest's is three months. Don't know about HSBC, you'll have to ask them.

alsalmone

thanks folks, have applied online, hopefully this will save me a few £s