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Worried about HSBC mortgage rejection
Comments
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We've been lucky to get an HSBC mortgage.
I personally wouldn't want to deal with a computer, there is too much scope for mistakes and rejection.
I had to switch my current account to HSBC to get their best rate with a £99 fee. The valuation fee was also half of what other lenders wanted.
The process was very long and exhausting and we've been subject to a quite extraordinary scrutiny, it almost felt like my bank statements were analysed item by item. But we got a great rate with good fees so I would say it was definitely worth it.
We definitely do not have £75K income
I think it comes down to what deal you are after- in our very particular circumstances we did not have much choice, but frankly I haven't seen a better deal (lifetime tracker at 1.49% over BoE rate), so feeling rather pleased with myself.0 -
Thrugelmir wrote: »Why is that a joke? Perhaps that is what HSBC require to consider the application.
Because it's is clearly not the case. It's just bad website design.0 -
Lenders will want 3 years address history. They cannot search non UK addresses.
Credit scoring will be an issue here.
Do yourself a favour and speak to a broker.
What income(s) do you have?I am a Mortgage AdviserYou 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.0 -
Lenders will want 3 years address history. They cannot search non UK addresses.
Credit scoring will be an issue here.
Do yourself a favour and speak to a broker.
What income(s) do you have?
We'd put down a 500K deposit on a 780K house, and we make just under 100K p/a. A lender should go insane to reject us, right?
How a broker would help, I don't see.0 -
We'd put down a 500K deposit on a 780K house, and we make just under 100K p/a. A lender should go insane to reject us, right?
How a broker would help, I don't see.
Insane to reject? Logically maybe. Regulatory no.
If it is so simple why are you posting on a forum? Brokers can access contacts and escalate cases.
Clearly you know more than any of us who do this day to day, dealing with cases that are complex.
I wish you well.I am a Mortgage AdviserYou 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.0 -
How a broker would help, I don't see.
A broker would have told you not to waste your time with HSBC DmitriiI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
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