I currently have a mortgage with HSBC and I want to port the rate over to another property (because we are moving homes). I want to borrow exactly the same amount of money.
However, HSBC are now telling me that I no longer meet their lending criteria! This maybe something to do with the fact I am on a lifetime tracker rate of +0.48 over base rate.
If I were to stay in my current house, there would be no problem, I would keep my mortgage. But as I want to port my mortgage, they say they will not lend me the money! This is crazy!
Has anyone else had a similar problem? Can anyone suggest what I can do?
However, HSBC are now telling me that I no longer meet their lending criteria! This maybe something to do with the fact I am on a lifetime tracker rate of +0.48 over base rate.
If I were to stay in my current house, there would be no problem, I would keep my mortgage. But as I want to port my mortgage, they say they will not lend me the money! This is crazy!
Has anyone else had a similar problem? Can anyone suggest what I can do?