HSBC taking ages

dexterwolf

Mortgage applied for 4 weeks ago and just says under review. Taking forever for something that surely would take an hour or two to do .

Bowley

Mine took 6 weeks, hang in there.

jamesm5094

Is it a direct application?

dexterwolf

It was an online application all things submitted like ID statements over 3 weeks ago . You would think they are reviewing the solar system.

Thrugelmir

dexterwolf said:

It was an online application all things submitted like ID statements over 3 weeks ago . You would think they are reviewing the solar system.

Is your employer working at 100% capacity and productivity? 

haras_n0sirrah

HSBC are to be applauded for being the only lender sticking with 90% and keeping the ftb market moving
 There is however a cost to that and that is so many applications that there is a massive delay. It would only take half hour to do if yours was the only application. It isn't.
They aren't the only ones though. It is about a 10 day wait across the board at the moment. Every lender is slow 

xx_mstilda_xx

haras_n0sirrah said:

HSBC are to be applauded for being the only lender sticking with 90% and keeping the ftb market moving
 There is however a cost to that and that is so many applications that there is a massive delay. It would only take half hour to do if yours was the only application. It isn't.
They aren't the only ones though. It is about a 10 day wait across the board at the moment. Every lender is slow 

Absolutely! Well done HSBC.

Process90

I wouldn't really say there is a FTB market at the moment. It's not a market if there's only one lender for one product.

HomeownerDreamer

Have you tried calling them for an update?

jamesm5094

I would give them a call and get an update that way. I done a direct application over the phone on Wednesday and they have said it’s in the que for underwriters and will have an answer next week.