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HSBC Update -Recent Section Changes

Change Date: 31/05/2019    |    Jurisdiction: England and Wales

5.13.1- If different from 1.11, contact point if borrower is not providing balance of purchase price from funds/proposing to give second charge.
Contact Point as 1.11

We do not require you to report a gifted deposit provided that you are satisfied that the following conditions are met:

The gift is from an immediate family member(s), who confirms it is unconditional and not repayable. Gifts …
Contact Point as 1.11

You must report any circumstances where the balance of the purchase price is not being provided in accordance with Part 1 and in doing so must wait for our written instructions prior to proceeding. We do not accept deposits sourced from …
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Other Lenders Who Have Made Recent Changes:

Barclays plc logo Barclays plc
Nationwide Building Society logo Nationwide Building Society
Santander logo Santander
The Mortgage Works logo The Mortgage Works