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I don't have a name to give you, but just go somewhere else! Anywhere else! There was a thread previously asking about a similar situation with an individual on a WP. If it is possible for a WP holder to get a mortgage you will not have a problem either. I know of two people on WP's who have got mortgages recently, one of them is very far off from his ILR (like 4 years to go for him) So don't loose heart.Deckard79 wrote:This situation is killing me....
My wife and I are looking to purchase our first property in Edinburgh. We contacted HSBC for a mortgage and this was accepted in principle. They then informed us we could go ahead and make offers, which we did (on a fixed price property).
Being a fixed price property, our solicitor's offer was immediately accepted. The survey has been completed. the ONLY thing we have been waiting on is HSBC.
Then, a week ago they just turned around and said we were being declined due to my wife's visa status!
She has been in the country since 2002. She obtained her Masters degree at Durham University in 2003. We met in 2003 and married in April 2005. Since May last year, she has been in the country on a marriage visa. Next year she applies for indefinite leave to remain and there are no grounds whatsoever on which this could be refused.
But HSBC refuse to accept our mortgage until they have a letter from the Home Office stating that she will be definitely be staying here for the next 5 years, which of course they would never do! Particularly ironic coming from the HONG KONG SHANGHAI Bank!
I have complained to their managers all of whom seem to agree with me, but they have yet to change their minds. I have even been round the nearest branch complaining and we were assured something would be sorted out, but it hasn't.
I simply can't believe this sort of decision could be made. This absolutely stinks of facial discrimination. Has anyone else had the same sort of experience as this?
Does anyone know what we can do? Can you recommend a mortgage provider who might be a little less ridiculous?
That is just unbelievable, if that is the case you will have no problems at another lender, they should be able to move very quickly. HSBC must have a central complaints line, I suggest you call them, even if you don't take a mortgage with them.Deckard79 wrote:Thanks for the help - the only problem we have now is that the property is basically now ours, and our move-in date is now supposed to be less than one month away. I'm not even sure we have time to apply somewhere else from scratch given the time it takes.... but we'll try.
I am British, so my own status isn't really applicable here. They just seem to be picking on my wife, which seems pretty shocking.
bbdivo wrote:That is just unbelievable, if that is the case you will have no problems at another lender, they should be able to move very quickly. HSBC must have a central complaints line, I suggest you call them, even if you don't take a mortgage with them.Deckard79 wrote:Thanks for the help - the only problem we have now is that the property is basically now ours, and our move-in date is now supposed to be less than one month away. I'm not even sure we have time to apply somewhere else from scratch given the time it takes.... but we'll try.
I am British, so my own status isn't really applicable here. They just seem to be picking on my wife, which seems pretty shocking.
Give over. It's not beloved, it's the bank's policy. I'm a white female on the same visa as your wife and my financial advisor told me straightaway that my husband and I would not be able to get a mortgage through a high street bank. Full stop. There's no point in complaining as all high street banks are the same.Deckard79 wrote:So the sad truth could be that we are stuck with attempting to talk sense into a bank which gives a strong indication of being institutionally dearly beloved.
That sounds like slightly 'dodgy' advice from your financial advisor, I guess he's in it for a commission therefore is discouraging you from going to a high street bank yourself.L_E_O wrote:I'm a white female on the same visa as your wife and my financial advisor told me straightaway that my husband and I would not be able to get a mortgage through a high street bank. Full stop. There's no point in complaining as all high street banks are the same.
We did go to high street banks - in fact, at that time I worked for a high street bank and I now work for a mortgage company. My husband and I went to him because we'd been turned away from high street banks.bbdivo wrote:That sounds like slightly 'dodgy' advice from your financial advisor, I guess he's in it for a commission therefore is discouraging you from going to a high street bank yourself.L_E_O wrote:I'm a white female on the same visa as your wife and my financial advisor told me straightaway that my husband and I would not be able to get a mortgage through a high street bank. Full stop. There's no point in complaining as all high street banks are the same.
Surely as an employee of a high street bank it makes it a bit easier to get a mortgage?! I thought that was one of the 'perks' of working for a bank!L_E_O wrote:We did go to high street banks - in fact, at that time I worked for a high street bank and I now work for a mortgage company. My husband and I went to him because we'd been turned away from high street banks.bbdivo wrote:That sounds like slightly 'dodgy' advice from your financial advisor, I guess he's in it for a commission therefore is discouraging you from going to a high street bank yourself.L_E_O wrote:I'm a white female on the same visa as your wife and my financial advisor told me straightaway that my husband and I would not be able to get a mortgage through a high street bank. Full stop. There's no point in complaining as all high street banks are the same.
Unfortunately not, we would still have had to do all the qualifying and actually get the mortgage. The benefits kick in when one begins repaying the mortgage.bbdivo wrote:Surely as an employee of a high street bank it makes it a bit easier to get a mortgage?! I thought that was one of the 'perks' of working for a bank!L_E_O wrote:We did go to high street banks - in fact, at that time I worked for a high street bank and I now work for a mortgage company. My husband and I went to him because we'd been turned away from high street banks.bbdivo wrote:That sounds like slightly 'dodgy' advice from your financial advisor, I guess he's in it for a commission therefore is discouraging you from going to a high street bank yourself.L_E_O wrote:I'm a white female on the same visa as your wife and my financial advisor told me straightaway that my husband and I would not be able to get a mortgage through a high street bank. Full stop. There's no point in complaining as all high street banks are the same.