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Mortgage offer expiring
Thelilboxbythemill
Posts: 2 Newbie
Hello. I am a newbie posting here.
I am in a position to exchange on my sale but due to severe conveyancing delays from my buyers' side, who kept failing mortgage applications and not returning documents, I am now unable to proceed with my purchase as my mortgage offer expires before my seller can book his removals. It has been a horrendous last 6 months.
My solicitor has requested a mortgage extension to my lender for an extra week. We are waiting, it's been 3 days. I am not hopeful so I now have to reapply and lose a good deal.
Any chance my extension will be granted? I know it is discussed here but contexts change so fast.
Thank you
I am in a position to exchange on my sale but due to severe conveyancing delays from my buyers' side, who kept failing mortgage applications and not returning documents, I am now unable to proceed with my purchase as my mortgage offer expires before my seller can book his removals. It has been a horrendous last 6 months.
My solicitor has requested a mortgage extension to my lender for an extra week. We are waiting, it's been 3 days. I am not hopeful so I now have to reapply and lose a good deal.
Any chance my extension will be granted? I know it is discussed here but contexts change so fast.
Thank you
0
Comments
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Depends on the lender. Can call them or check online if they offer extension.Thelilboxbythemill said:Hello. I am a newbie posting here.
I am in a position to exchange on my sale but due to severe conveyancing delays from my buyers' side, who kept failing mortgage applications and not returning documents, I am now unable to proceed with my purchase as my mortgage offer expires before my seller can book his removals. It has been a horrendous last 6 months.
My solicitor has requested a mortgage extension to my lender for an extra week. We are waiting, it's been 3 days. I am not hopeful so I now have to reapply and lose a good deal.
Any chance my extension will be granted? I know it is discussed here but contexts change so fast.
Thank you
Maybe if you stated the bank, brokers or others might know if they offer extension.1 -
Lender is Santander. As stated above, not up to me, not even the broker, request had to be coming from my conveyancer. Thank you though0
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