Halifax mortgage offer expiry date post exchange during corona

OliviaD262

My partner and I have already exchanged on a new build property, with our mortgage offer valid till June. Because of Covid-19 this has delayed our build completion and as such will run over the mortgage offer expiry date. Are banks such as halifax likely to honour the offers especially in circumstances when exchange has already taken place?

kingstreet

Yes. In the worst case scenario, it isn't your offer that expires it's your product drawdown deadline so you can pick a new product and have a revised offer issued in about five minutes. Valuation has to be refreshed after six months which is a standard process.

katkatmachine

We are in the very same situation. Halifax, mortgage ending in June... stressful times.