Bank's 'absurd' new mortgage rules hit Cumbrian customers
Last updated at 09:14, Saturday, 03 March 2012
Cumbrians who take out a mortgage with HSBC will be forced to use a solicitor from outside the county or pay double under “absurd” new rules drawn up by the bank.
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I'm not too sure of the ins and outs of this but i bet somewhere down the line hsbc are profiting from this by using there selected solicitors! Big companies like to dictate things to there customers and this is just another example of that!! totally disgraceful
Iain, I get your point about their mortgages and I don't know much about it so couldn't comment, but it's a bit harsh saying it would be better if they didn't do business here at all. I would like to point out that (as another reader already has done) HSBC were on of the banks that came out of the credit crunch intact. The very fact that it is not purely based in the UK and Europe means it is a safer bet with regards to savings.
There are reports on forums such as Moneysavingexpert.com that some of the solicitors have missed Exchange and Completion dates which have caused house sales chains to collapse.A WARNING TO EVERYONE: DO NOT GET A MORTGAGE FROM HSBC!HSBC really need to reconsider this decision, or better still, stop doing business in the UK altogether.