HSBC mortgage

jurgen19

Hi does anyone happen to know what HSBC’s mortgage lending criteria is for 2020?

haras_n0sirrah

Those of us who are mortgage brokers do.

jurgen19

Very helpful thanks

haras_n0sirrah

It is quite a broad question - they have hundreds of different bits of criteria - what bit of criteria do you want to know?

Nic34

It's available on the HSBC Intermediaries website (I can't post direct link).

jurgen19

haras_n0sirrah said:

It is quite a broad question - they have hundreds of different bits of criteria - what bit of criteria do you want to know?

I just need to know where they stand on late payments really, as my wife has a couple dating April 2018 and March 2019 but they were paid straight away once she realised her mistake so no arrears 

haras_n0sirrah

HSBC are one of the strictest lenders out there. I wouldn't like to say without seeing a credit report.
What % deposit?

jurgen19

haras_n0sirrah said:

HSBC are one of the strictest lenders out there. I wouldn't like to say without seeing a credit report.
What % deposit?

10% deposit, we are both first time buyers

jurgen19

Nic34 said:

It's available on the HSBC Intermediaries website (I can't post direct link).

I’ve just had a look on there thanks 👍🏼 It said no missed payments will be accepted. But my wife has 2 late payments one from over 2 years ago and one from over 12 months ago. Are missed payments and late payments two different things? I was under the impression they were completely different 

haras_n0sirrah

It will depend how it is recorded on the credit file.
Best advice is to speak to a broker and show them the credit files 

jurgen19

haras_n0sirrah said:

It will depend how it is recorded on the credit file.
Best advice is to speak to a broker and show them the credit files 

Thanks, on her Experian it shows as late payments