HSBC mortgage applications taking 56 days on average

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HSBC is taking 56 days on average to complete mortgage applications, although some may take up to 84 days. According to figures in The Sunday Times, Aldermore Bank and Halifax are taking 13 days on average to produce a mortgage offer. ING Direct and RBS Group around 18 days and Nationwide Building approximately 20 days. Jed Newton, a director at Trinity Financial, says: “Many of our clients need a fast mortgage offer and we specifically target lenders with leading rates and quick turnaround times. This is particularly important for purchase transactions in a fast moving market.” March 3, 2013
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As seen in
Sunday Times Telegraph Financial Times BBC News The Express The Times