We know a number of you have pre and post offer applications with us that are due to expire on 3 October.

In this uncertain rate environment and 3 October almost upon us, we may be able to provide an extension to your pre and post offer applications, depending on its status. This is explained in more detail below: 

Have you yet to receive a mortgage offer?

• Cases in a pre-offer state can now enjoy the same 13-week application validity period we now apply to new cases. Any offer issued will then be valid for 9 weeks from the date the offer is issued;
  
• If your case has already had 13 or more weeks since submitting the application, we will not be able to offer an extension.
  

Have you received a mortgage offer?

• Post-offer cases will be allowed a minimum of 9 weeks from the date of the original offer to complete.  This means extensions will be granted to any case where the time between your offer date and the original 3 October deadline is less than 9 weeks;
  
• However, any post-offer case which has a current deadline of 3 October, and the time between the offer and 3 October is already greater than or equal to 9 weeks cannot be extended. These cases will have to complete by 3 October.

Please note the above relates only to the following products:

• XF0493 to XF0520 & XFZ011 and
• XF0521 to XF0548 & XFZ012

Important note:

If your current post or pre offer case is not able to be extended for the reasons outlined above, you will be able to choose from our range of variable discounted products.

From Monday 3 October this range will also include new products for owner occupier repayment and limited company buy to let, alongside the products we currently have on-sale, which means we will have a variable option for all of your cases.

To help you and your clients in this time of market volatility, for a limited time, our discounted products will enable your clients to complete on their purchase or remortgage in 2022 and then switch to a FBS fixed rate product, without ERC, when they become available. More details will follow on Monday 3 October.

We have a team of BDMs ready, willing and able to answer any of your queries. If you don’t have a BDM in your area, you can contact our dedicated Mortgage Desk.