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Mortgage offer renewal
Comments
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If it was my client, I would establish exactly what the lender needs/requires to consider an extention before I suggested the solicitor goes ahead and requests it.
Different lenders have different requirements, some will extend only for a couple of weeks and require a simple solicitor request, while others will reconsider the case, request updated status requirements and give an extention of upto a couple of months.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.0 -
I just found out his mortgage offer is with Natwest not halifax - Does what was said above still apply to Natwest or is it different?0
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NatWest offers last six months, with a drawdown deadline in some cases, determining the availability of the selected product.
I'm looking at one. Issued on 30 August and valid for six months, with a drawdown deadline of 28 February 2014.
Don't know extention process. Most are similar to description given earlier.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.0
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