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HSBC application for Share ownership
Zecat
Posts: 3 Newbie
Hello,
I am in the process or purchasing a flat, with the share ownership scheme and I have a few questions. Hope you guys can help.
I’ve received the offer from the HA on 15th October and the MOS thefollowing day. The document mentions that the completion date is on 20thDecember.
I have had a IAP from HSBC (they offer the lowest rate) and on 24thI had a 1 hour meeting with one of their Mortgage manager (I was initially toldnext appointment available would be mid November, but thankfully they managedto squeeze me in). The mortgage manager sent my application in.
I am a bit worried about the timing, as the mortgage person said it would probably be end of December or even January until things are all done.I have read many threads here where it is said that HSBC takes long to give mortgage decision. The MOS states 20th December as completion day. What would happen if the mortgage is not secured by then? Do I risk loosing the flat? Can acompletion day stated by the HA be changed?
Tx
I am in the process or purchasing a flat, with the share ownership scheme and I have a few questions. Hope you guys can help.
I’ve received the offer from the HA on 15th October and the MOS thefollowing day. The document mentions that the completion date is on 20thDecember.
I have had a IAP from HSBC (they offer the lowest rate) and on 24thI had a 1 hour meeting with one of their Mortgage manager (I was initially toldnext appointment available would be mid November, but thankfully they managedto squeeze me in). The mortgage manager sent my application in.
I am a bit worried about the timing, as the mortgage person said it would probably be end of December or even January until things are all done.I have read many threads here where it is said that HSBC takes long to give mortgage decision. The MOS states 20th December as completion day. What would happen if the mortgage is not secured by then? Do I risk loosing the flat? Can acompletion day stated by the HA be changed?
Tx
0
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