HSBC Mortgage application timelines

zayden1993

zayden1993 said:

Hey guys, sharing my journey as someone whose buying on their own in these tough economic times. Using MyFluent as a broker and they’ve been good so far. 

Timeline: 

28 March 2022 - Decision in principle 
31 March 2022 - Full application 
04 April 2022 - Lender asks for a copy of a document because file corrupted 
04 April to 07 April 2022 - Valuation done
08 April 2022 - Lender requested additional doc, specifically 3 months bank statements/ P45 from last employer
12 April 2022 - Asked broker to chase, HSBC advised “documents and case still under review.”

No update on my application. Slowly becoming disheartened with all the loops I’ve had to jump through. 

aimee_coop

@zayden1993
They tend to work slowly. You have to be very patient with them but it's worth the wait 

omair_r

Hello All, here is my timeline (we applied directly with HSBC through mortgage advisor):

10th March DIP
15th March- full application submitted with all the documents 
16th March - remote valuation done and fee paid
16th March - Manual referral 
17th March - Decision obtained 
17th March - Ready to offer
25th March - Manual Referral
25th March - Decision Obtained 
7th April - Customer Due Dilligence review over the phone 

It’s draining waiting for abproper update- I was told that we should have an offer by 28th March and then 6th April but the pace of the process is painfully slow. 

Will come back with updates - if and when we have one. 

[Deleted User]

I received my offer but HSBC made a mistake on the valuation. My solicitor is trying to chase the bank, it has been over a month. The broker claims he has no way to chase HSBC in this regard, could anyone confirm if brokers can or cannot?

Would I be able to speak to HSBC?

omair_r

@[Deleted User] HSBC are ridiculously slow but you could possibly try to call this number and see if it is of any use 
08001696333. Hope it gets sorted out soon for you. 

zayden1993

zayden1993 said:

zayden1993 said:

Hey guys, sharing my journey as someone whose buying on their own in these tough economic times. Using MyFluent as a broker and they’ve been good so far. 

Timeline: 

28 March 2022 - Decision in principle 
31 March 2022 - Full application 
04 April 2022 - Lender asks for a copy of a document because file corrupted 
04 April to 07 April 2022 - Valuation done
08 April 2022 - Lender requested additional doc, specifically 3 months bank statements/ P45 from last employer
12 April 2022 - Asked broker to chase, HSBC advised “documents and case still under review.”
15 April 2022 - 09:00AM Received text from HSBC saying the mortgage offer was on its way.

                       - 09:30AM Broker called to confirm the mortgage had been approved. 

No e-mail received with offer yet so will chase after the easter weekend. It seems for those of us who use brokers, we just need to chase them a few times to have the e-mail resent. 

Hey team - just sharing an update of my full journey. I received a text from HSBC confirming my offer was on it's way. ✅
To say it's been a journey to get this far has been an understatement. Sending massive luck to all those still waiting. I would say just be patient but I am the most impatient guy I know so I'm in the same boat. 

zayden1993

zayden1993 said:

Hey guys, sharing my journey as someone whose buying on their own in these tough economic times. Using MyFluent as a broker and they’ve been good so far. 

Timeline: 

28 March 2022 - Decision in principle 
31 March 2022 - Full application 
04 April 2022 - Lender asks for a copy of a document because file corrupted 
04 April to 07 April 2022 - Valuation done
08 April 2022 - Lender requested additional doc, specifically 3 months bank statements/ P45 from last employer
12 April 2022 - Asked broker to chase, HSBC advised “documents and case still under review.”
14 15 April 2022 - 09:00AM Received text from HSBC saying the mortgage offer was on its way.

                       - 09:30AM Broker called to confirm the mortgage had been approved. 

No e-mail received with offer yet so will chase after the easter weekend. It seems for those of us who use brokers, we just need to chase them a few times to have the e-mail resent.  

*** Updated the typo. ***

aimee_coop

@zayden1993
Congrats!!! Best Easter gift ever lol

Merlin's_Beard

zayden1993 said:

zayden1993 said:

zayden1993 said:

Hey guys, sharing my journey as someone whose buying on their own in these tough economic times. Using MyFluent as a broker and they’ve been good so far. 

Timeline: 

28 March 2022 - Decision in principle 
31 March 2022 - Full application 
04 April 2022 - Lender asks for a copy of a document because file corrupted 
04 April to 07 April 2022 - Valuation done
08 April 2022 - Lender requested additional doc, specifically 3 months bank statements/ P45 from last employer
12 April 2022 - Asked broker to chase, HSBC advised “documents and case still under review.”
15 April 2022 - 09:00AM Received text from HSBC saying the mortgage offer was on its way.

                       - 09:30AM Broker called to confirm the mortgage had been approved. 

No e-mail received with offer yet so will chase after the easter weekend. It seems for those of us who use brokers, we just need to chase them a few times to have the e-mail resent. 

Hey team - just sharing an update of my full journey. I received a text from HSBC confirming my offer was on it's way. ✅
To say it's been a journey to get this far has been an understatement. Sending massive luck to all those still waiting. I would say just be patient but I am the most impatient guy I know so I'm in the same boat. 

Congratulations! You can relax about that now. Gives the rest of us some hope as well

zayden1993

I stand united with you all. Honestly, the house buying process is basically designed to make you reach for the anxiety meds. I’m just really glad I didn’t have to worry about Stamp duty to top it off or I genuinely, genuinely would have dissuaded myself from even bothering. 

It’s recently begun to feel like no matter how hard you try, the goal posts keep moving. It gets exhausted. I’m no good at the encouraging words, but for anyone holding out, don’t lose hope although feel free to moan it out with the rest of us.