HSBC or Barclays for a Tracker? 8 December 2022 at 8:03PM in Mortgages & endowments 5 replies 271 views

IAMIAM

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?

JMA74

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.

IAMIAM

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

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 

housebuyer143

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

housebuyer143 said:

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