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life-span of a mortgage offer
G_M
Posts: 51,977 Forumite
What is the typical period of time a mortgage offer is valid for before it expires?
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Comments
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From posts here, 6 months is typical.0
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Six months for a purchase, three months for a remortgage.
Many lenders will allow extensions, but if you want to know about a particular lender's policy, it would be better to give the lender's name as, for example, Nationwide will give only two weeks then it's a new application.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 -
Our mortgage offer from Platform (Coop) this week was set to be valid for 90 days0
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Our mortgage offer was valid for 3 months…0
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When I remortgaged (and borrowed more) with Nationwide last year, the expiry was 12 months which I think is quite unusual.Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.810 -
Our mortgage offer was 6 months and they will allow an extension up to 10 working days. After that you've got to apply again. They also told me that for a small fee you can change products if a better one comes along after your offer has been made, but this won't change the expiry date. This was with YBS0
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