WARNING - HSBC ot refunding unsucessful mortgage application product fee

IAMIAM

Agree with what everyone says about HSBC, they want the best and easiest applicants, hence having the best rates ALLL the time.

csgohan4

IAMIAM said:

Agree with what everyone says about HSBC, they want the best and easiest applicants, hence having the best rates ALLL the time.

They don't have the best rates all the time, I chose barclays at the time as they had the best rates for me, not HSBC, but their rates are usually competitive

Thrugelmir

IAMIAM said:

Agree with what everyone says about HSBC, they want the best and easiest applicants, hence having the best rates ALLL the time.

Biggest lender in the market over the last decade. Every lender has it's target markets. What's the the "easiest" applicants? 

IAMIAM

The standard salary, the standard outgoings, the standard minimal credit bla bla

[Deleted User]

Ive banked with ( Midland Bank)  now HSBC since 1981 when I was 16. I have impeccable credit, very high pension and very low outgoings. 

HSBC as a mortgage provider have never appealed to me. I just do not like their business model 

Thrugelmir

IAMIAM said:

The standard salary, the standard outgoings, the standard minimal credit bla bla

Risk is priced.  

Other lenders don't have access to Asian savers money to fund the same level of mortgage lending. 

PaulCarpenter

Hi - Original subject was the shoddy way in which HSBC deal with online applications.  Thanks for all the useful advice about the money being non-refundable and should be using a broker.  Anyway, I did it myself again - made complaint, followed up with telephone calls to them and money has been returned.  
I must say I was surprised by the many self-serving statements by brokers and the way in whch some started to attack another person who posted.  Shocking behaviour and not liley to encourage young people to use their services.  Good luck to you all !!