Ok I'm a first time buyer with a 15% mortgage on a £190k property.
I was going to go with Halifax 5yrs fixed at 2.54% Then I found HSBC had a better deal fixed at 5yrs for 2.19%. So whilst away I went via a mortgage broker and Jose HSBC. This was 4 weeks ago.
So far HSBC have continually come back asking for more and more documents: I gave the entire list required before. Some they've requested are the same as before. Some new. Each time I the. Have to wait 4 working days.
I'm still 5 weeks on with no offer! Therefore no valuation both my solicitor and the estate agent chasing me!
I spoke to mortgage broker today and she says she will try and get an update. I also spoke with HSBC who could advise me but suggested that I wait a bit longer and see.
I then also went into Halifax who I bank with and they offered me an appointment tomorrow to sort the mortgage and an offer by end of week, as well as a much lower mortgage fee and a £1000 cash back incentive.
Now do I wait and wait for HSBC and hope to secure the lower interest rate over 25yrs or go with Halifax who will be quick, seem much more efficient BUT it's a higher rate of 2.54/2.84% depending which one I choose.
I am a first time buyer and slightly stuck as to what to do.
Anyone who's used HSBC or Halifax mortgage wise and can advise. Thank you.
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Mortgage: which one: Halifax vs HSBC
11 replies
Notting · 15/08/2016 14:19
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