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Timing advice for Lloyd's mortgage application

Hallion
Posts: 32 Forumite

I have an AIP with Lloyd's but my current mortgage doesn't finish until 03/04/2022. In order to avoid the ERC, when should I complete the full application with Lloyd's?
I did ring them and after 1.5 hours on hold the customer representative advised an offer would be valid for 6 months but wasn't sure if that was calendar months or full months. I think to avoid the ERC, I would need to wait until start of November to submit the full application for completion in early April? Grateful for any advice on this.
I did ring them and after 1.5 hours on hold the customer representative advised an offer would be valid for 6 months but wasn't sure if that was calendar months or full months. I think to avoid the ERC, I would need to wait until start of November to submit the full application for completion in early April? Grateful for any advice on this.
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Comments
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@hallion Lloyds products come with a fixed 'complete-by' date which in all honesty their mortgage team should be able to tell you as an exact date.
This thread might help
https://forums.moneysavingexpert.com/discussion/6390576/advise-lloyds-mortgage-offer-not-for-full-6-monthsHallion said:I have an AIP with Lloyd's but my current mortgage doesn't finish until 03/04/2022. In order to avoid the ERC, when should I complete the full application with Lloyd's?
I did ring them and after 1.5 hours on hold the customer representative advised an offer would be valid for 6 months but wasn't sure if that was calendar months or full months. I think to avoid the ERC, I would need to wait until start of November to submit the full application for completion in early April? Grateful for any advice on this.
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