Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • SeagullFTB
    • By SeagullFTB 11th Jun 17, 10:49 AM
    • 43Posts
    • 19Thanks
    Halifax Offer Expiry
    • #1
    • 11th Jun 17, 10:49 AM
    Halifax Offer Expiry 11th Jun 17 at 10:49 AM
    I'm hoping to receive an offer from Halifax in the next few days for a new build flat. I've been told that the offer will expire after six months and our new build is estimated to be ready by November/December.

    Does the six month period start at the time of offer or at the time we exchange contracts?

    I'm hoping it's the latter as we'll hopefully be exchanging in early July, which gives us until early January to complete.
Page 1
    • kingstreet
    • By kingstreet 11th Jun 17, 3:46 PM
    • 33,342 Posts
    • 18,034 Thanks
    • #2
    • 11th Jun 17, 3:46 PM
    • #2
    • 11th Jun 17, 3:46 PM
    Halifax offers don't expire after six months.

    They have a product drawdown deadline, which at the moment could be 31/12/2017 or 31/03/2018 depending on when your application was submitted.

    After six months, you will need to have the valuation refreshed which is done free of charge by Halifax at the right time.

    You can extend the period by choosing a new product if you approach the current drawdown deadline and the property isn't yet finished.

    We're newbuild specialists and manage this all the time.
    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.
    • SeagullFTB
    • By SeagullFTB 11th Jun 17, 5:19 PM
    • 43 Posts
    • 19 Thanks
    • #3
    • 11th Jun 17, 5:19 PM
    • #3
    • 11th Jun 17, 5:19 PM
    Thank you Kingstreet. Your knowledge has been invaluable. As a first time buyer, the procesd has been so stressful but your answers have helped put my mind at rest when my MA is available.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

60Posts Today

1,657Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line?

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin