Anyone who’s ever bought a house knows that it ALWAYS takes longer than you think.
So we’re giving you and your clients extra time. All our mortgage offers will now be valid for an initial period of 6 months. Additional Borrowing and Porting offers are valid for 3 months.
This gives more certainty to your clients – reducing the number of offer extensions required – giving everyone a little more time to breathe.
Extensions
At the end of the 6 months, if an extension is required this would be for a maximum period of a further 3 months. Confirmation that there has not been a change to client circumstances will be required.
When extending the offer, we’ll confirm with you that the length of time on the fixed rate will be reduced (potentially to around 15 months if a 2 year fixed had been chosen). You can then either proceed or look at an alternative product.
