HSBC will give mortgage to high rise buildings (HSBC)

Member Name: eylem26

Product:	HSBC
Date:	10/02/08 (69 review reads)
Rating:

Advantages: reliable

Disadvantages: long process

Hi , I would like to share my experience about HSBC.
Two months ago I saw my flat and agreed a price and when trying to arrange the mortgage , the estate agent said because the flat was inside a high rise building no banks will give me a mortgage . And he suggested I should pay cash for my flat . But I did not have that much cas to buy the flat. So what I did was I went to many other estate agency and broker and they all said the same , even the banks , untill I walked in to HSBC and explained to them that I was planning to buy a flat on the 8th floor in a high rise building and wanted a mortgage, the lady turned around and said I am sure we will be able to give you a mortgage , she also stated that HSBC bank is the only bank that will give mortgage to a high rise building. This was great and I managed to buy my flat .
If HSBC also refused to give me mortgage I wouldnt able to buy my flat.
I took out a repayment mortgage they said my mothly payments will be £584 a month and it was discounted for two years. and two years fixed mortgage.
There was too much paperwork to do but it was worth it.

Summary: only bank in uk gives mortgage to high rise buildings