HSBC Home Improvement Loan

stellaria

Good evening,

My application for a home improvement loan has been accepted by HSBC. I am currently in the 7 day cooling off period. I am slightly confused about the process from here.

As I understood it, the legal side would be undertaken by HSBC's team, as part of the mortgage. Am i correct or would I need to instruct a solicitor to undertake the legal work.

Thank you in advance.

Thrugelmir

HSBC already hold the mortgage charge. Additional funds will be released under the terms of this.

stellaria

Thank you for the reply.

I am the homeowner and the house does not currently have a mortgage so this would be new borrowing against the property. So HSBC don't already have a link to the property.

Sorry for not mentioning in previous message

Thrugelmir

Then you'll need to choose a solicitor on HSBC's panel to undertake the legalities.