HSBC Mortgage application timelines

[Deleted User]

No update for me looks like another weekend of going potty!

messyjessy7

[Deleted User] said:

No update for me looks like another weekend of going potty!

Hopefully no news is good news! Stay positive!

popsicle95

@propertyhunter I know I’ve really managed to squeeze a lot into a short space of time! 

Thanks, that’s encouraging to hear! Mine is removing an association that has bad credit so they see that as a risk! 

@Deleted_User I just checked the intermediaries website again and it still says 13 working days for residential employed to be checked. Hopefully next week is our week!! 

potatoefeet66

tarunp8099 said:

Hi All,

I not found any recent HSBC mortgage application timeline that’s why I started new post.

My application timeline as below.

AIP & Application : 11th March 2021
Credit search : 11th March ( 7 time soft search & 1 hard search)

credit search : 17th March 2021

Ask additional docs: 17th March 2021

Docs submitted : 17th March 2021.

Again credit search : 19th March 2021.

wait for further update....

please post here your application timeline. So all get idea about timelines.

thanks 

03.feb kfi issued face to face 
03.feb seller called application declined 

05.feb 11.55 application submitted customer not present 

05.feb credit search Experian 

05.feb letter stating credit score not met application declined. 

05.feb application closed

messyjessy7

So our valuation happened on Thursday. News from my broker: 
The lender has confirmed the valuation is booked for today.

We must allow up to 1-2 days after the valuation for the lender to receive the report and another 1-2 days for the underwriter to review it. However, response times for this portion can vary.

This weekend is going to be looooooong!🥺

[Deleted User]

Let’s hope today is the big day!

messyjessy7

Update from me! At 8.09 this morning, I received a text and email informing me that my mortgage has been accepted!! 

666666

@messyjessy7 so happy for you! Congrats! All the best for the following processes! 

Ferrier

Congratulations, Hopefully mine isn't far behind yours

666666

My broker just told me that the EWS1 form is still with HSBC surveyor since last Monday. I don't understand why they wait until over 2 weeks before requesting/submitting the form if they know they will need it and it will take this long to review surely the credit checks, affordability check, valuation check and EWS1 form checks are done by different departments so they can do them at the same time rather than wait around and do them one by one. Especially if rejection rate is not super high surely it would improve efficiency not to wait around for each check to be done before moving on to the next