The nervous wait to exchange....

  • Thread starter Thread starter noj
  • Start date Start date
Irish_Tom said:
Spent hours over the last few days with a couple of online mortgage brokers and going direct to banks to try and find the best mortgage deal.

After all that, everything points to the HSBC deal that came top of the pile on the very first (and very quick) mortgage comparison site that I tried. :rolleyes:

So now I have to decide whether to go with L&C or Habito (the two online brokers I tried) or just go direct to HSBC as I'm a customer anyway — anyone got any experience with L&C or Habito? Any reason to choose one over the other or should I just disappoint both of the brokers who have helped out so far. :o
Click to expand...
Go with a broker. It just doesn't make sense not to use their services.

I used Habito for my first puchase; for this one I am using MojoMortgages. I only use online brokers where I can get a cashback.
 
Irish_Tom said:
Spent hours over the last few days with a couple of online mortgage brokers and going direct to banks to try and find the best mortgage deal.

After all that, everything points to the HSBC deal that came top of the pile on the very first (and very quick) mortgage comparison site that I tried. :rolleyes:

So now I have to decide whether to go with L&C or Habito (the two online brokers I tried) or just go direct to HSBC as I'm a customer anyway — anyone got any experience with L&C or Habito? Any reason to choose one over the other or should I just disappoint both of the brokers who have helped out so far. :o
Click to expand...

I'd go with something else.. Habito worked ok for my brother but I've heard other have problems. Honeslty, most brokers will be "online" now because covid etc they all learned to do zoom calls, accept docusign etc. But if the deal with HSBC is good then go with that. I valued advise from our broker more than the deal he got which we could've got ourselves. Getting the application in order etc was very good too, sped up the whole process.
 
Irish_Tom said:
Spent hours over the last few days with a couple of online mortgage brokers and going direct to banks to try and find the best mortgage deal.

After all that, everything points to the HSBC deal that came top of the pile on the very first (and very quick) mortgage comparison site that I tried. :rolleyes:

So now I have to decide whether to go with L&C or Habito (the two online brokers I tried) or just go direct to HSBC as I'm a customer anyway — anyone got any experience with L&C or Habito? Any reason to choose one over the other or should I just disappoint both of the brokers who have helped out so far. :o
Click to expand...
I've had good experiences with L&C, even having to basically re-apply twice because the first two house purchases failed. We got nice breakdowns, and they clearly state the fee they get from the lender. Got us a fixed 5 year @ 2% on an 80% LTV with a company I hadn't heard of before :D
 
Irish_Tom said:
Spent hours over the last few days with a couple of online mortgage brokers and going direct to banks to try and find the best mortgage deal.

After all that, everything points to the HSBC deal that came top of the pile on the very first (and very quick) mortgage comparison site that I tried. :rolleyes:

So now I have to decide whether to go with L&C or Habito (the two online brokers I tried) or just go direct to HSBC as I'm a customer anyway — anyone got any experience with L&C or Habito? Any reason to choose one over the other or should I just disappoint both of the brokers who have helped out so far. :o
Click to expand...
I went with a broker myself, They also a lot of the admin work for you when you apply for the acal mortgage and lias with the solictors etc.

Just peace of mind and less admin work you do yourself.

It is perfectly doable to do it all on your own but you would some extra time to do your research and do a few admin work as well
 
Thanks @dLockers, @grudas, @squerble, and @jonneymendoza.

Broker it is!

I have appreciated the fact that I could speak to someone one the phone with L&C over just using web chat with Habito — although my advisor is a bit too chatty for my liking. :cry:

I better get the ball rolling before HSBC withdraw the product — First Direct put their rates up last night and Platform had a cheaper deal than HSBC that was withdrawn yesterday. Eeek!
 
If your happy with the deal HSBC are offering then just apply directly. I assume there are no benefits to apply with any party?

It really doesn’t take very long and the broker has to ask you all the same questions anyway and supply them with all the same bank statements etc so there really is no admin benefit.

I’ve done a HSBC application online and it’s pretty straight forward.
 
Thanks @dLockers, @grudas, @squerble, and @jonneymendoza.
Irish_Tom said:
I better get the ball rolling before HSBC withdraw the product — First Direct put their rates up last night and Platform had a cheaper deal than HSBC that was withdrawn yesterday. Eeek!
Click to expand...

I must have jinxed it. I just had an email to say HSBC are withdrawing this rate at the end of the day today. :eek:

b0rn2sk8 said:
If your happy with the deal HSBC are offering then just apply directly. I assume there are no benefits to apply with any party?

It really doesn’t take very long and the broker has to ask you all the same questions anyway and supply them with all the same bank statements etc so there really is no admin benefit.

I’ve done a HSBC application online and it’s pretty straight forward.
Click to expand...

As some of the others have said, if the broker can handle some of the admin side of things for me (liaise with solicitors etc) then I'll gladly palm that work off to them. :cry:
 
Irish_Tom said:
Thanks @dLockers, @grudas, @squerble, and @jonneymendoza.


I must have jinxed it. I just had an email to say HSBC are withdrawing this rate at the end of the day today. :eek:



As some of the others have said, if the broker can handle some of the admin side of things for me (liaise with solicitors etc) then I'll gladly palm that work off to them. :cry:
Click to expand...
The interest rate is going to increase most likely tomorrow. The word out on the street is a 0.25 increase :(
 
Not an ideal update received today. Our sellers sellers purchase has now fallen through. The guy above him had been searching again and now removed from market.

They’re looking at more houses this weekend but real concern now it’ll all collapse or they’d not complete before our mortgage offer expires in October.
 
Itchytrigg said:
Not an ideal update received today. Our sellers sellers purchase has now fallen through. The guy above him had been searching again and now removed from market.

They’re looking at more houses this weekend but real concern now it’ll all collapse or they’d not complete before our mortgage offer expires in October.
Click to expand...
not great news! hope it works out tho, surprising how quickly things change really.
 
Irish_Tom said:
Spent hours over the last few days with a couple of online mortgage brokers and going direct to banks to try and find the best mortgage deal.

After all that, everything points to the HSBC deal that came top of the pile on the very first (and very quick) mortgage comparison site that I tried. :rolleyes:

So now I have to decide whether to go with L&C or Habito (the two online brokers I tried) or just go direct to HSBC as I'm a customer anyway — anyone got any experience with L&C or Habito? Any reason to choose one over the other or should I just disappoint both of the brokers who have helped out so far. :o
Click to expand...

First time I did it with L&C was handy with so much going on.

But this time (remortgage) I did a comparison site.

Not only could L&C not beat the best from money supermarket (L&C were a little worse actually) , the bank had a 750 cashback offer I would have missed out on.
 
413x said:
First time I did it with L&C was handy with so much going on.

But this time (remortgage) I did a comparison site.

Not only could L&C not beat the best from money supermarket (L&C were a little worse actually) , the bank had a 750 cashback offer I would have missed out on.
Click to expand...

I did look at Money Supermarket but the only deals that were better than the one we've gone for with L&C were for EPC A and B rating, so we wouldn't qualify.

There was one that had a slightly lower interest rate and monthly repayments (£13 difference IIRC) but the early repayment fees were prohibitive — would have lost much more than the £780 (over 5 years) if we'd had to close out the mortgage early for any reason, so we're taking the slightly higher cost as "insurance".
 
Stamp duty etc sent over to solicitors. Basically we’re done paying now. Just waiting for completion and we’re over! Someone’s coming to view the rental tomorrow too. It’s only been a day since we handed in our notice but there are literally no properties up for rent here.
 
Itchytrigg said:
Thanks, and yeah not great news at all. Hoping our seller also doesn’t pull out now…we’ll find out when they’re sellers had their viewings on new properties this weekend.
Click to expand...
hopefully they find something.. depends how hot the market is where they're looking. Some areas seem to be OK others are insane. Even rentals here are crazy and prices have gone up by 400-500 a month for the same house we're in right now :o
 
You must log in or register to reply here.
Back
Top Bottom