So I approached my old mortgage broker to remortgage a few days back and he told me that HSBC had the best deal on offer - I was after a 3 year fixed on a 6 year term, and their rate was around 5.5% which is OK, marginally better by £3 a month than the next on the list.
As part of the application process - entirely handled by the broker except for a credit check which I had to get done which was achieved via a free trial period with a certain company (actually I must remember to cancel that!) and my score came out at.... 910/1000...
With absolutely NOTHING bad on the whole several page report.
So I thought this was a done deal, but today the broker phoned me back saying HSBC wouldn't lend to me, because of some 'unsecured credit' on my account, of which there is precisely none.
I have one loan for around £2.5K which is on there, two credit cards with £20 on one of them, practically the same amount in FIAT in my bank as the mortgage amount, asking to borrow an amount 5 times less than my house is worth and with repayments < 30% of my disposable income, evidenced by tax returns submitted by a qualified accountant.
So WTAF is wrong with HSBC....?
No matter, the next lender on list already agreed to lend to me in principle, so congrats to them, they'll get my several thousand pounds in interest over the next 5-6 years for what is practically a risk-free mortgage.
Fucking HSBC, totally irrational! Boners, but I guess that's the FIAT economy for you, just totally unreliable.
And if they're not lending to me, this means they're not lending to hardly anyone I guess.