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HSBC worth going for application again?
ggstar
Posts: 1 Newbie
Hi All,
I am a FTB going for a property which is already under offer. I was going to buy with my father joint however we got rejected by HSBC due to his age. So I decided to apply on my own. I'm 24 yo, have a permanent job at £27k pa with no loans, credit card paid off each month and good credit. The LTV is 58%, so quite a large deposit. I want to borrow £113k.
However, I'm under time pressure as HSBC already wasted 3 weeks getting to a decision. I can apply with them again but just in my name, I'm worried I could get rejected as they have a very strict criteria. I could go get a broker and start the application process again but it would cost time.
What would you do in my situation? Is there an lender which favorable towards people in their 20s?
Thanks in advance.
I am a FTB going for a property which is already under offer. I was going to buy with my father joint however we got rejected by HSBC due to his age. So I decided to apply on my own. I'm 24 yo, have a permanent job at £27k pa with no loans, credit card paid off each month and good credit. The LTV is 58%, so quite a large deposit. I want to borrow £113k.
However, I'm under time pressure as HSBC already wasted 3 weeks getting to a decision. I can apply with them again but just in my name, I'm worried I could get rejected as they have a very strict criteria. I could go get a broker and start the application process again but it would cost time.
What would you do in my situation? Is there an lender which favorable towards people in their 20s?
Thanks in advance.
0
Comments
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You are probably being offered rock bottom rates by HSBC.
As a result they get very busy and their service standards can suffer.
It is for you to decide if you want to purse the rate and run the risk of losing the property due to delays.I 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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