My partner has banked with HSBC since his student days and has had his fair share of run-ins with them (like over-extending the overdraft and maxing out the credit card etc!) but has mellowed out somewhat in the time we have been together. Following a period of what I fondly refer to as 'credit ... Read review
Advantages: Great customer service, offer a solution Disadvantages: None as yet
My partner has banked with HSBC since his student days and has had his fair share of run-ins with them (like over-extending the overdraft and maxing out the credit card etc!) but has mellowed out somewhat in the time we have been together. Following a period of what I fondly refer to as 'credit hell' we having been working our butts off ever since to try and improve our credit rating to get back to a clean slate. Circumstances came up (at not such ... ...so we went down to HSBC with not too many hopes. The mortgage advisor was fantastic. He told it to us straight, told us the things we needed to do and ultimately, he gave us a goal to work towards. We came out not feeling like we had been laughed, which, after a fair few declines, is no small feat, and began working towards the light at the end of the tunnel. Well, the year is almost up and boy, have we worked hard. We went back to our friendly mortgage ... more
My partner has banked with HSBC since his student days and has had his fair share of run-ins with them (like over-extending the overdraft and maxing out the credit card etc!) but has mellowed out somewhat in the time we have been together. Following a period of what I fondly refer to as 'credit hell' we having been working our butts off ever since to try and improve our credit rating to get back to a clean slate. Circumstances came up (at not such a great time, which is normal)and we found ourselves in need of getting or having 12 months to find a lender who would offer us a mortgage. It seemed that every avenue we turned to ended in a closed door and so we went down to HSBC with not too many hopes. The mortgage advisor was fantastic. He told it to us straight, told us the things we needed to do and ultimately, he gave us a goal to work towards. We came out not feeling like we had been laughed, which, after a fair few declines, is no small feat, and began working towards the light at the end of the tunnel. Well, the year is almost up and boy, have we worked hard. We went back to our friendly mortgage advisor to check that we were on track and he congratulated us on our efforts, which made us feel very pleased with ourselves. Like he said, the only way for us to truly improve our credit is to get a mortgage and in order to do that, someone has to take a gamble on us so that we can prove ourselves... HSBC are taking that gamble and I believe that it would take a very big something to stop us from banking with them from now on. They have been the friendly face that you so rarely get from Banks and Building Societies these days and once we're on the ladder, we won't forget all the hard work we had to put in to get there.
Advantages: Good service,good product range Disadvantages: none
...Resident status in the UK. HSBC offered us 95% to value mortgage for 2 years at a reasonable variable rate of 4.49% which was 0.01% below the bank base rate at that time. Our mortgage adviser at the high street branch was very informative and professional. She processed our application swiftly once she was satisfied that we were sincere first time buyers. We had a very satisfying 2 years with them although interest rates went up during that time. ... ...online. We applied online for HSBC life time variable mortgage for no-fee and got the mortgage at 5.89%. This was 0.89% above base rate but this again was the best deal for us as the rates went down pretty quickly owing to the worldwide economic downturn. HSBC lowered the interest rate by 0.10% from their online site published rate as we were remortgaging. This time too their conduct was thoroughly professional and it saved us time and hassle. In ...
Amber70 03.10.2009
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Ciao members have rated this review on average: helpful Review of HSBC Mortgages
Advantages: Excellent free advice, no transfer fees, competitive no gimmick rates Disadvantages: None
...coming to an end. The HSBC website gave me an accurate quote for Mortgage, Monthly Repayment amount and Insurances like unemployment and sickness. There are also the various types of mortgage they offer like Fixed rate, first time buyer etc, all available to view on the site where you can type in factors such as amounts you wish to borrow, repayment term etc to give a quote online instantly.
If you decide the mortgage is satisfactory (like me!) ... ...whole process is done by HSBC without you having to worry about the finer details. Moving house is a stressful experience as many people know too well and so when it comes to re-mortgaging it is nice that a company offers a no gimmick, smooth and cheap transition.
Having been a HSBC customer for a very long time now I have also regularly used their website to manage my account online. The website is very good and I can manage all my accounts including ...
cosmicdance 11.05.2005
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Ciao members have rated this review on average: helpful Review of HSBC Mortgages
Advantages: Do your homework before you get mortgage. Disadvantages: Banks are there to make money
Banks are there to make money and I would like educate you as how the Mortage market works. first of all Banks compound your interest rate daily .. that's bad..
for example if you take out a loan or a Mortage 6% for 30 years, $300,000 you end up paying over $700,000 . What is the solution ? you can double payments that will reduce your 30 years to about 24 years. You can ask your Banker to have a simple interest loand which I will doubt it if they ... ...60 years and older and they have equity on their house over $65,000 you can have a reverse Mortgage(refinance to this concept).
What is a reverse Mortgage, simply you stop paying your mortgage bill until all your equity will become zero, nada, nothing left. At that time either you die or if you sell your house the Banker will get most of the preoceeds.
With the new era and economic collapse, they Banks right now will give a 30 years mortgage 4%. ...
iloveyou01 19.02.2009
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Ciao members have rated this review on average: helpful Review of HSBC Mortgages
Advantages: Tailored to individual circumstances Disadvantages: May not be the cheapest if your monthly income is predicatably stable
...lower monthly payment.
The HSBC adviser also discussed options for payment protection and life assurance with me but was not pushy in terms of sales technique and I did feel that I was given the option to explore taking out insurance ith a different financial institution had I so wished.
The actual % can change with fluctuations in the market, so I would suggest checking with HSBC for the current rates,but I was offered. 4.61% interest ...
prbots 30.04.2007
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Ciao members have rated this review on average: helpful Review of HSBC Mortgages
Advantages: Mortgage to highrise building Disadvantages: too much paper work
...untill I walked in to HSBC and explained to them that I was planning to buy a flat on the 8th floor in a high rise building and wanted a mortgage, the lady turned around and said I am sure we will be able to give you a mortgage , she also stated that HSBC bank is the only bank that will give mortgage to a high rise building. This was great and I managed to buy my flat . If HSBC also refused to give me mortgage I wouldnt able to buy my flat.
I took ...
gov25 26.04.2007
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Ciao members have rated this review on average: helpful Review of HSBC Mortgages
Promptness of service
Efficiency of service
Competitiveness of char...
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Advantages: Global service, great internet banking, great service Disadvantages: Not competitve rates.
I have banked with HSBC for four years and overall I can\'t find enough reason to move to another bank! Over the four years I have taken out, or applied for nearly every product with them - current account, savings, personal loan, credit card - even my mortgage.
HSBC are never going to be the most competitive as far as interest rates are concerned - if that\'s what you\'re after then go to a smaller building society. But HSBC has great service, a great range of products and is such a large brand - with global links that you can never worry of HSBC going bust. HSBC will always be there so you know your money is safe.
However, I have never got a product with HSBC without looking at the rest of the market first. I have never, and probably will never have car or home insurance with HSBC because I have found them to be really expensive ...
genuineplacebo 30.09.2007
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Ciao members have rated this review on average: helpful Review of HSBC
Advantages: they throw money at you Disadvantages: you have to pay it back! lol x
I have banked with HSBC bank since I was in the first year of high school aged 11. You know how it is, you start with one bank and end up staying with them for a lfetime. By the time you reach adulthood you can not be bothered to change. Anyway I decided to buy a house early in life, aged 18 so I popped into my local HSBC bank to see the mortgage advisor. He couldn't have been nicer to me but I was young and did not understand half of the stuff that he was talking about. Anyway I finally got some sense and saw an independant fininacial advisor who agreed that the HSBCmortgage was the best for me. I signed up for the mortgage and house insurance. After a year of them messing me about, taking money they shouldn't, not taking enough and then charging me for the privilage I had had enough and decided to move. I moved my mortgage to Abbey ...
sarahmoorhouse83 08.08.2005
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Ciao members have rated this review on average: helpful Review of HSBC
or passport had been stolen.
Other services include stock brokering- trading shares but also news and advice from experts in the field. Preferential mortgage rates and advice are also available.
So where?s the price tag??it?s free?. where?s the catch?
Well ok, there are some requirements for you to be eligible for the account, but to be honest you would only find the service useful if you met the requirements, or as my bank manager put it- they are there to keep the ?riffraff? out! These are;
· An annual income of £75,000 or joint annual income of £100,000 paid into the account or
· Savings and investments of £30,000 or more with HSBC
Or
· A mortgage of more than £150,000 with HSBC
(Since my children are both students currently, they satisfied requirement number 2, if you were wondering)
Compare this to National ...
redpen 02.08.2003 (14.08.2003)
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Ciao members have rated this review on average: very helpful Review of HSBC
