Do any lenders provide an offer at a set rate open for 6 mths?

jenniferfluff29

Have just been to Skipton BS. Looking to purchase a house in Scotland in 4 1/2 months time. Have spoken to Skipton & Leeds BS and both will only keep an offer open for 3 months (at a guaranteed rate) even if we pay a booking fee.

Does anyone know of any banks or building society's which will keep an offer open for 6 months?

I will get back to trawling through the lenders tonights.

Thanks for any advice.

y3andy

try HSBC. At the end of last year they would allow 6 months to reserve a deal.

silvercar

Shame no-one on the web has created a table as this is useful info.

I guess the caveat is that any lender will reserve the right to revalue if they feel prices have heavily dropped between the offer date and the completion date, particularly if the LTV is high on properties vunerable to falls eg new builds not built at the time of a mortgage offer.

That said, I know Natwest/ RBS used to give 3 months and Coventry BS 6 months.

foreversummer

Woolwich do 6 months I believe.

Foreversummer

jenniferfluff29

Thanks everyone.

Silvercar - your right about a table. It is just a pity that the lenders don't put this information on their websites. I spent last night trying to phone around them all.

I have another thread going at the moment. The best deal I can get is 4.89% with Britannia who offer 4month offers. Only downside is that they have heavy ERC starting at 8% of loan for 3 year, 6% for 3 yrs, 5% for 3yrs & 3% for one year.

Thanks

silvercar

IS ERC terrible with an offset? You can always keep your savings in the offset rather than reduce the mortgage and suffer the ERC.

devon_guy

Halifax do 6 months too.