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    • ps2mint
    • By ps2mint 12th Apr 18, 2:46 PM
    • 15Posts
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    ps2mint
    Barclays mortgage offer length
    • #1
    • 12th Apr 18, 2:46 PM
    Barclays mortgage offer length 12th Apr 18 at 2:46 PM
    Hi all,
    We are coming up to remortgage as our 2 year fixed is coming to an end. How long do Barclays mortgage offers last for - I know it's usually 3 months for the majority of providers but i'm aware that some do 6 months.

    Thanks
Page 1
    • kingstreet
    • By kingstreet 12th Apr 18, 3:02 PM
    • 33,180 Posts
    • 17,916 Thanks
    kingstreet
    • #2
    • 12th Apr 18, 3:02 PM
    • #2
    • 12th Apr 18, 3:02 PM
    "A mortgage offer is valid for a 6-month period from the date the mortgage application is received by our teams.

    Any offer that does not complete within this period must be re-submitted as a new application with the exception of !!!8216;New Build Purchase!!!8217; applications which can be fully assessed against current lending standards with refreshed credit search, status documentation and re-offered for a further period of 6 months with a product from the current range. An updated valuation should be requested in all scenarios with the exception of where the tolerance, referred to below, applies. Any subsequent extension requirement will be subject to full re-submission.

    The valuation validity period aligns with the offer validity period of 6 months from submission.

    Where notice has been given that the proposed property has fallen through and a new property found, a new application must be submitted unless purchase price and mortgage amount are all unchanged and completion is anticipated within 6 months of the original submission. A product will need to be selected from the current range available unless the original product remains available."

    https://intermediaries.uk.barclays/home/lending-criteria/
    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.
    • ps2mint
    • By ps2mint 15th Apr 18, 2:11 PM
    • 15 Posts
    • 0 Thanks
    ps2mint
    • #3
    • 15th Apr 18, 2:11 PM
    • #3
    • 15th Apr 18, 2:11 PM
    Thanks for your reply.
    Does anyone happen to know the length of a mortgage offer from Nationwide?

    Many thanks.
    • Lolly88
    • By Lolly88 15th Apr 18, 2:51 PM
    • 296 Posts
    • 815 Thanks
    Lolly88
    • #4
    • 15th Apr 18, 2:51 PM
    • #4
    • 15th Apr 18, 2:51 PM
    It's 6 months
    House Fund - 35078.21
    Currently buying a house
    • ps2mint
    • By ps2mint 15th Apr 18, 2:53 PM
    • 15 Posts
    • 0 Thanks
    ps2mint
    • #5
    • 15th Apr 18, 2:53 PM
    • #5
    • 15th Apr 18, 2:53 PM
    It's 6 months
    Originally posted by Lolly88
    Thanks for this.
    • kingstreet
    • By kingstreet 15th Apr 18, 4:19 PM
    • 33,180 Posts
    • 17,916 Thanks
    kingstreet
    • #6
    • 15th Apr 18, 4:19 PM
    • #6
    • 15th Apr 18, 4:19 PM
    Nationwide purchase offers are six months. Remortgage offers are only three.

    How long are offers valid for?

    Remortgage offers are valid for 90 days.

    House purchase offers are valid for 180 days, including new build.

    A 45 day extension will be considered for new build applications, please see our New Build page for more information.

    Rate Switch offers are valid for 45 days.
    http://www.nationwide-intermediary.co.uk/lendingcriteria/general#offervalid
    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.
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