We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Securitisation & self execution

Morning
I would just like to clarify 2 points on our 5yr fixed with hsbc:
They require a signature agreeing to securitisation. Any negatives with this?
I'm self executing our mortgage so not taking their advice on suitability and not benefitting from certain fsca protection as a result. It is a basic mortgage but any advice would be appreciated.

S

Comments

  • TrickyDicky101
    TrickyDicky101 Posts: 3,534 Forumite
    Part of the Furniture 1,000 Posts
    That just means they can package up your mortgage and sell it on to other investors if HSBC so chose. It is a standard requirement in a lot of mortgages. It shouldn't impact you at all as your T&Cs can't change as a result of any securitisation.
  • Thanks Tricky
    Thought it was something like that but had to check.
    Anyone any views on self execution in regards a re mortgage. As far as I see it the 5yr fix we are going onto is a straight forward loan that we can afford. Are there any negatives with self execution?

    S
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Are there any negatives with self execution?

    S

    There's no grounds for complaint. The decision is entirely yours.
  • Many thanks for all replies.

    S
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.