HSBC Mortgage Review

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HSBC Mortgage
0.7 stars
Average rating for this product is: 0.7 out of 5

From 3 ratings and 30 reviews

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artofohm's Review of HSBC Mortgage

10th Aug 2007

Overall Rating

0 stars
  • Value for money
    0 stars
  • Repayment Method
    Repayment
  • Product
    Fixed rate
Good Points

None


Bad Points

Sales Reps are only in it for their commissions and are not giving solid advise.


General Comments

Our Mortgage advisor from HSBC Singapore advised us on a fixed discount and to auto renew each year to enjoy the better discount.

I told her I thought the interest rates were going up and I'd like a fixed, so she explained in jargon how her offer was better.

After the first year interest rates were up 2% (what do I know)...we were not only out of pocket on the renewal but we had to pay a large sum to renew the mortgage that she failed to inform us about.

The so called auto renew did not exist, she did not call us to inform us to renew and the mortgage went on to a higher rate until we realised (3 months later).

HSBC are full of rubbish when it comes to sales, their products stink.

I moved my business to another bank....I suggest you do the same, it might be a slow process but once your out of HSBC its like a breath of fresh air.

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