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  • Writer's pictureCharlotte Oakley

Can a mortgage offer be extended?

Updated: Dec 20, 2023

Mortgage offers can be extended, depending on the lender's policies and the specific circumstances. Mortgage offers typically have an expiration date, which is the deadline for completing the mortgage transaction. If the deadline is approaching and you need more time to finalise the necessary paperwork or complete other requirements, we can inquire about the possibility of an extension.

Lenders may consider extending a mortgage offer if they believe you are still a qualified borrower and there are no significant changes in your financial situation. However, it's important to note that extensions are not guaranteed, and lenders have the discretion to accept or deny such requests.

If you're considering an extension, reach out to us at Your Mortgage Room as soon as possible. We can contact the lender who will provide guidance on their policies and requirements for extending the mortgage offer. Keep in mind that there may be additional fees or conditions associated with an extension, so it's essential to discuss these details.

Your home may be repossessed if you do not keep up with your repayments

There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but will be agreed with you before proceeding.

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