written by Auto7Audio on 30/06/2014
Earning 53K basic (plus 15K bonus and misc). Had a approval first on 212K, asked for 175K.
Then had to wait 2 weeks for meeting with mortgage manager
I'm on part ownership and HSBC insisted I use their own solicitor so I cancelled my instruction with current solicitor; the new mortgage would reduce the current payment and everything sounded on track
Mortgage manager took 4 days after getting all paperwork to submit application.
2 Days later she emails me that HSBC credit manager only approves 135K... And whether she can call me to discuss, a call would be better.
Explained that they analyze my costs - I had 5K of holidays cost (very clearly) in last 3 months so I guess this is why but those are idiots if they base finances on flight tickets I but every 2 years instead of checking further before making non-sense decision