Endless underwriter questions???

Super-D-M-F-Hell

Hi, I'm new here though have used the site and forums for years.
I am currently remortgaging, since the beginning of Jan!
With our bank HSBC.
We are looking at less than 50% LTV.
My issue is interest rates are likely to rise soon. But the process seems to be being drawn-out by the underwriters endless questions and requests for more evidence!
It feels as though it is a ploy so that we end up with the new interest rates that the bank will change to (I believe at the end of the month) which will be higher.
The latest question is regarding a difference on 2 tax forms of £63. They have had these forms for over 2 weeks and only ask the question after the last piece of paperwork (or hopefully the last piece) is submitted.
Am I just being paranoid?
Is this reasonable?
Do we have recourse to complain?
We haven't had to deal directly previously as had IFA in the family and it's 11 years since mortgage.
Thanks.

ACG

Your application is in I am guessing? They would not do all of this for a DIP would they?

Assuming the application is in, surely that means you have secured the rate? It would with every other lender I can think of.

Mortgage_Adviser

With HSBC the rate is not secure until it has been booked on the system.
I used to work for them as a mortagge adviser.
I would always booke the rate well in advance except in the situation where:
The product has a booking fee (rather than fee free) and the fee is NOT to be addedto the mortgage and is to be paid separately.
This is because the fee needs to be paid at the time of booking and obviously the customer would not want to pay it until they are guaranteed they got the mortgage.
Super D, is there a booking fee to pay?

Super-D-M-F-Hell

Yes there is a fee £899.

Mortgage_Adviser

Super-D-M-F-Hell wrote: »

Yes there is a fee £899.

Do you pay it separately or is it added to the loan?

Super-D-M-F-Hell

either I think
TBF it's soon long since I applied I've forgotten the details!

csgohan4

Would a broker have avoided all the hassle and stress for you perhaps??

Mortgage_Adviser

Super-D-M-F-Hell wrote: »

either I think
TBF it's soon long since I applied I've forgotten the details!

If the fee is added to the mortgage, you shiould just be able to ask your adviser to book the deal for you now.
If not, you can still ask him to book it for you but you will then end up to pay it regardless of your mortgage being approved or declined.
I recommend you check with your adviser.

Super-D-M-F-Hell

As if by magic! Approved!