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HSBC or Barclays for a Tracker?

Which is the better lender....literally about to apply for my remortgage, Barclays are 0.1% difference/cheaper in reality, but is HSBC the better lender to go with?

Comments

  • JMA74
    JMA74 Posts: 264 Forumite
    100 Posts First Anniversary Name Dropper
    If you are going to do it yourself then YBS are offering a cheaper one still but it does have erc of 1% i think.    Out of hsbc and barclays i would go with hsbc as they are on a 1 day turnaround currently and tend to desktop val everything they can.
    I am a Mortgage Adviser 
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • IAMIAM
    IAMIAM Posts: 1,424 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    I am going to do HSBC. If a product becomes cheaper over the next 6 months, can I go into the mortgage offer online, and change the product myself to generate a new offer? Is this new offer valid for 6 months again or is it 6 months when first offer is given regardless of product changes....
  • JMA74
    JMA74 Posts: 264 Forumite
    100 Posts First Anniversary Name Dropper
    Not sure about direct.  Brokers cant change it on the system once submitted. We have to upload a form.

    Any changes result in a fresh 6 month offer from date of new offer 
    I am a Mortgage Adviser 
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • JMA74 said:
    If you are going to do it yourself then YBS are offering a cheaper one still but it does have erc of 1% i think.    Out of hsbc and barclays i would go with hsbc as they are on a 1 day turnaround currently and tend to desktop val everything they can.
    Ybs doesn't have free legals so once you factor that in, Barclays is probably cheaper 
  • IAMIAM
    IAMIAM Posts: 1,424 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    JMA74 said:
    If you are going to do it yourself then YBS are offering a cheaper one still but it does have erc of 1% i think.    Out of hsbc and barclays i would go with hsbc as they are on a 1 day turnaround currently and tend to desktop val everything they can.
    Ybs doesn't have free legals so once you factor that in, Barclays is probably cheaper 
    Absolutely. Only concern I have YBS and Barclays are a nightmare, everything is always advice based with clunky self service
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