HSBC Mortgage application timelines

Rituals

Didn’t have to pay extra for it, it’s something they all do to check it’s worth what you have offered for it. 

Jello123

Rituals said:

Didn’t have to pay extra for it, it’s something they all do to check it’s worth what you have offered for it. 

Thanks. I actually just been told they carried out my Valuation yesterday and waiting for report now.

Not sure if it is a drive by or a proper on site one. They must have organised with the estate agent?

Tashco

For everyone that’s had an offer or decline by hsbc , did they text or email you the outcome? 

andyf1980

Tashco said:

For everyone that’s had an offer or decline by hsbc , did they text or email you the outcome? 

They send an email and a sms with the password to open the email. 

propertyhunter

I applied on 27 January via a broker - and they seem to be taking their time with my application. I suppose it's not a simple case - I operate through a limited company and have dividend income. Waiting for them to get back to me is nerve-racking.

Tashco

propertyhunter said:

I applied on 27 January via a broker - and they seem to be taking their time with my application. I suppose it's not a simple case - I operate through a limited company and have dividend income. Waiting for them to get back to me is nerve-racking.

I applied on 31st, just had alerts from credit report and hsbc have done 9 CHECKS!!!? Bit extensive then they deleted 8 of them?? Really odd. Have you had your valuation date yet mines not till 21st 

propertyhunter

No valuation date yet. My broker is going to talk to them on Monday for an update. I meet all of their affordability criteria - but still worried they'll reject my application.

9 checks! Wow - that's incredible. I suppose with the cost of living crisis they are being extra careful. I feel as if I'm buying at the peak, and house prices will go downhill from here for a couple of years. Hopefully a 5 year fix and 40% deposit will cover me. 

Tashco

You have a really good deposit, we’re going for 90%ltv (FTB). I feel the same everything is at the tip of being expensive at the moment and with gas / electric prices surging too! Living is getting extortionate!! I literally called the valuation company this morning to find out as I went direct to hsbc online without a MA. I’m so impatient

Jello123

Did you all have a credit search done before or after a survey? 

I was told my survey was on Thursday (not sure if desktop, in person or drive by) but apparently HSBC are waiting on the report. 

But I don’t seem to have had a credit search yet. 

Tashco

Mines isn’t until 21st and last night they done loads of checks on me . I believe mine might be a drive by valuation . Mine was before