Remortgage is taking to long, What now?

Mr_Senor

My current mortgage deal end next Friday. Eveyrhing is in Solitors hands  but because current madmess they seem  to be unable to complete by them.

What happens now? Should I be able to complete a week later and pay the variable fee with my current lander partially over a week or so? or now I have to pay the variable rate in full and wait a month?

silvercar

You, or your broker, could ask for the mortgage offer to be extended by a couple of weeks.

Is this a remortgage ie you aren't moving home? or a new mortgage on a different home? Either way, your solicitor should be able to explain the reason for the delay.

K_S

Mr_Senor said:

My current mortgage deal end next Friday. Eveyrhing is in Solitors hands  but because current madmess they seem  to be unable to complete by them.

What happens now? Should I be able to complete a week later and pay the variable fee with my current lander partially over a week or so? or now I have to pay the variable rate in full and wait a month?

@mr_senor Ordinarily, you don't have to wait a month, you'll just end up paying the SVR for the period after 30 Sep until completion of the remortgage.