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Barclays Mortgage Offer Closed
lilhetty
Posts: 4 Newbie
Hey Everyone!
Wondering if anyone can help, me and my girlfriend have had our mortgage offer accepted by Barclays. We exchanged contracts in Jan, just waiting to move into our new build.
We instructed our mortgage advisor to speak to Barclays about an extension, as our house move has been put back due to corona (and Scottish power, but that’s another story).
This Saturday we received a letter from Barclays saying our offer was now “closed”.
i am beyond confused and starting to panic, because we have our over £10k down on the deposit for the house.
i am beyond confused and starting to panic, because we have our over £10k down on the deposit for the house.
Any advice or help would be much appreciated.
H
H
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Comments
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Speak to your mortgage advisor for an update.0
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Already have, he is a waiting for more info and trying to find out what’s going on.I was just wondering if anyone else has had the same issue.0
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Almost certainly, but it won't help at all with your particular circumstances.0
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How long before the expiry of the mortgage offer did you start the process of extending it?0
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In my experience - and take this with a tub of salt and speak to your adviser - when I applied for an extension the original offer was invalidated as the extension is, in effect, a new offer. I didnt receive a "closed" letter though.
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On a newbuild extension, it's a "rekey" by Barclays. They have to re-input the data and transfer the documents from the old application to the new one. Being a broker it's a bit odd seeing case requirements appear then turn satisfied a few hours later.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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Deleted_User said:How long before the expiry of the mortgage offer did you start the process of extending it?
6 Weeks. We started the process towards the end of march, with the expiry not until 22 April.
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So would that have triggered the "Closed" letter? Sorry - its my first house and this is all super confusing and stressing me out.kingstreet said:On a newbuild extension, it's a "rekey" by Barclays. They have to re-input the data and transfer the documents from the old application to the new one. Being a broker it's a bit odd seeing case requirements appear then turn satisfied a few hours later.0 -
Hi , I would like to know what’s happened with your mortgage extension did barclays offer another one ?0
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