HSBC. Existing customer switch question
Mishomeister
Posts: 1,051 Forumite
Just wondering if anyone done the switch/product transfer from Standard variable rate in to another product with HSBC.
Did they ask for any documents proving the current income?
Did they ask for any documents proving the current income?
0
Comments
-
Why don't you tell them you're thinking of staying with them but switching to something else etc, and are they going to need documents proving income.
They say yes, you know you'd better start looking elsewhere.Shampoo? No thanks, I'll have real poo...0 -
I am unlikely to get a mortgage anywhere on my current income/job situation.
Also it could be the case with them that they would only ask for an income evidence if I was to tell them that the income has changed. I don't wan to shout about it if there is an option to keep quiet about it.0 -
AFAIK in common with many lenders HSBC does a product change online, execution-only, with no further affordability checks.
If you want to borrow more, or involve a human being in the process, you will then be going 'advised' and the above won't apply.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
This discussion has been closed.
Categories
- All Categories
- 343.2K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.7K Spending & Discounts
- 235.3K Work, Benefits & Business
- 608K Mortgages, Homes & Bills
- 173.1K Life & Family
- 247.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards