HSBC booking fees and current accounts

glocal

Well, as of yesterday HSBC withdrew the Advance current/no booking fee and standard current/reduced booking fee options I mentioned earlier. This is either an incredible coincidence or they monitor discussions here and respond incredibly fast -- the first working day after I posted here! Is that common? Perhaps there are lessons to be learned there. The next option up with HSBC is 2.29% no fees.

Edit: In fact, their website is not updated yet, but their customer service and mortgage switcher are. That looks like a very rushed, sneaky change of policy indeed.

tigsly

I thought it was 499 to book as a CA holder- and 299 as an 'advacned one'

its what they advertise now - and what they changed to in Feb (I think..)

Well I was not told of a 'fee free' option - unless your talking about the product that is 'fee added on to your mortgage'.. (that one is still avaliable on the website?!)

glocal

We are not seeing the same thing. It may be that other parameters are different. Lifetime tracker 70% LTV at 1.99% shows here £999 full fee, £499 for CA holders, £0 for Advance. However, at 1.99% there are no fee discounts any more (pending website update). The alternative is no fees for 2.29%. I got that latter one through their online switcher.

tigsly

Mine shows all the same figures - at the same 70% LTV - except the Advanced account holders have to pay £299 to arrange it..

A few months ago it might have been 0 - as it was only £99 for current account holders but that stopped at the end of Feb.. certainly not today!

Thrugelmir

glocal wrote: »

Edit: In fact, their website is not updated yet, but their customer service and mortgage switcher are. That looks like a very rushed, sneaky change of policy indeed.

Banks regularly change their rates. There is only so much money available in a tranche to fund a certain product. Once applications are received that account for the available funding a new product is released. So nothing sneaky. More a question of applying while it's available.