HSBC mortgage timelines

sully1311

hounsehunterftb said:

sully1311 said:

Here was my timeline, by the way. Application via broker. Service levels at the time were average of 6 working days from app to offer:

Offer Made (Rejected): 22/08/2020

2nd Offer Made: 23/08/2020

Offer Accepted: 24/08/2020

DIP (HSBC): 26/08/2020

Full Application: 04/09/2020 (85% LTV were taken off intermediary site on 26th)

Application Approved: 08/09/2020

Full Offer: 15/09/2020

That was absolutely quick. Did you apply through the broker you said or just on your own? 

Yes, through a broker. It didn't seem quick at the time! I couldn't sleep until the offer came in.

hounsehunterftb

Hello all,
So we have finally applied through a broker now! HSBC doesn't give away updates to us at all if we have applied through a broker which is really unfortunate and weird. (As its our application even though applied through anybody!) 
So heres our timeline of it
7th October: Submitted all the required documents to Habito
8th October: Habito submitted our full application to HSBC and we are in queue now for the initial review. Our DIP has been given to us
Ll post more updates as we get them

kev_lpool

kev_lpool said:

Applied for a 85% LTV with HSBC

27th Sept - AIP
28th Sept - Completed further details, agreed to full credit check and submitted application
29th Sept - sent details for online portal for documents to be submitted
3rd Oct - final document uploaded and all submitted

Online it says decision obtained. Does anyone know what this means? 

Update:

8th October - received phone call from underwriter with a couple of questions. Said decision will be a couple of days. Status online has changed to manual referral. Fingers crossed! 

hounsehunterftb

kev_lpool said:

kev_lpool said:

Applied for a 85% LTV with HSBC

27th Sept - AIP
28th Sept - Completed further details, agreed to full credit check and submitted application
29th Sept - sent details for online portal for documents to be submitted
3rd Oct - final document uploaded and all submitted

Online it says decision obtained. Does anyone know what this means? 

Update:

8th October - received phone call from underwriter with a couple of questions. Said decision will be a couple of days. Status online has changed to manual referral. Fingers crossed! 

Didnt they do any valuation? 

hounsehunterftb

7th October: Submitted all the required documents to Habito
8th October: Habito submitted our full application to HSBC and we are in queue now for the initial review. Our DIP has been given to us. Hard search recorded
9th October: Valuation booked for 13th October

kev_lpool

hounsehunterftb said:

kev_lpool said:

kev_lpool said:

Applied for a 85% LTV with HSBC

27th Sept - AIP
28th Sept - Completed further details, agreed to full credit check and submitted application
29th Sept - sent details for online portal for documents to be submitted
3rd Oct - final document uploaded and all submitted

Online it says decision obtained. Does anyone know what this means? 

Update:

8th October - received phone call from underwriter with a couple of questions. Said decision will be a couple of days. Status online has changed to manual referral. Fingers crossed! 

Didnt they do any valuation? 

Valuation was today. Only know that as the seller has text me. Didn’t know that it was booked from speaking to the bank and I spoke to them yesterday. 

hounsehunterftb

kev_lpool said:

hounsehunterftb said:

kev_lpool said:

kev_lpool said:

Applied for a 85% LTV with HSBC

27th Sept - AIP
28th Sept - Completed further details, agreed to full credit check and submitted application
29th Sept - sent details for online portal for documents to be submitted
3rd Oct - final document uploaded and all submitted

Online it says decision obtained. Does anyone know what this means? 

Update:

8th October - received phone call from underwriter with a couple of questions. Said decision will be a couple of days. Status online has changed to manual referral. Fingers crossed! 

Didnt they do any valuation? 

Valuation was today. Only know that as the seller has text me. Didn’t know that it was booked from speaking to the bank and I spoke to them yesterday. 

aah so hopefully soon you should hear from them. Please do let us know what happens

hounsehunterftb

7th October: Submitted all the required documents to Habito
8th October: Habito submitted our full application to HSBC and we are in queue now for the initial review. Our DIP has been given to us. Hard search recorded
9th October: Valuation booked for 13th October
13th October: Valuation completed! Matches the agreed purchase price! 

kev_lpool

kev_lpool said:

kev_lpool said:

Applied for a 85% LTV with HSBC

27th Sept - AIP
28th Sept - Completed further details, agreed to full credit check and submitted application
29th Sept - sent details for online portal for documents to be submitted
3rd Oct - final document uploaded and all submitted

Online it says decision obtained. Does anyone know what this means? 

Update:

8th October - received phone call from underwriter with a couple of questions. Said decision will be a couple of days. Status online has changed to manual referral. Fingers crossed! 

Update:

9th October - valuation took place (HSBC never told us)
12th October - rang to find out what was happening and got told valuation was complete and matches the house price but it has now gone into a queue for review by a credit officer. Could take 10-15 days......

AntPDC

kev_lpool said:

kev_lpool said:

kev_lpool said:

Applied for a 85% LTV with HSBC

27th Sept - AIP
28th Sept - Completed further details, agreed to full credit check and submitted application
29th Sept - sent details for online portal for documents to be submitted
3rd Oct - final document uploaded and all submitted

Online it says decision obtained. Does anyone know what this means? 

Update:

8th October - received phone call from underwriter with a couple of questions. Said decision will be a couple of days. Status online has changed to manual referral. Fingers crossed! 

Update:

9th October - valuation took place (HSBC never told us)
12th October - rang to find out what was happening and got told valuation was complete and matches the house price but it has now gone into a queue for review by a credit officer. Could take 10-15 days......

We weren't told anything by HSBC about a valuation, even though they formally approved our mortgage application a few days ago. Don't even know whether they did one.