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Mortgage offer expiry date - what happens?
NameUnavailable
Posts: 3,030 Forumite
I have a mortgage offer which has an expiry date in a couple of weeks.
Let's say the expiry date is the 20th November, is that the date by which you need to complete, exchange or for the solicitor to request funds in preparation for exchange/completion?
If the offer does expire, and circumstances haven't changed, is it a rubber stamping exercise to reissue it or is it more involved?
TIA
0
Comments
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Which lender please?
All are different.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 -
The answer certainly won't be "exchange" - that's irrelevant to the lender (you can exchange months in advance of completion - you still need to keep the mortgage offer updated).0
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