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  • FIRST POST
    • SeagullFTB
    • By SeagullFTB 11th Jun 17, 10:49 AM
    • 41Posts
    • 19Thanks
    SeagullFTB
    Halifax Offer Expiry
    • #1
    • 11th Jun 17, 10:49 AM
    Halifax Offer Expiry 11th Jun 17 at 10:49 AM
    I'm hoping to receive an offer from Halifax in the next few days for a new build flat. I've been told that the offer will expire after six months and our new build is estimated to be ready by November/December.

    Does the six month period start at the time of offer or at the time we exchange contracts?

    I'm hoping it's the latter as we'll hopefully be exchanging in early July, which gives us until early January to complete.
Page 1
    • kingstreet
    • By kingstreet 11th Jun 17, 3:46 PM
    • 31,947 Posts
    • 17,075 Thanks
    kingstreet
    • #2
    • 11th Jun 17, 3:46 PM
    • #2
    • 11th Jun 17, 3:46 PM
    Halifax offers don't expire after six months.

    They have a product drawdown deadline, which at the moment could be 31/12/2017 or 31/03/2018 depending on when your application was submitted.

    After six months, you will need to have the valuation refreshed which is done free of charge by Halifax at the right time.

    You can extend the period by choosing a new product if you approach the current drawdown deadline and the property isn't yet finished.

    We're newbuild specialists and manage this all the time.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • SeagullFTB
    • By SeagullFTB 11th Jun 17, 5:19 PM
    • 41 Posts
    • 19 Thanks
    SeagullFTB
    • #3
    • 11th Jun 17, 5:19 PM
    • #3
    • 11th Jun 17, 5:19 PM
    Thank you Kingstreet. Your knowledge has been invaluable. As a first time buyer, the procesd has been so stressful but your answers have helped put my mind at rest when my MA is available.
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