Residential policy
Validity
Offers are valid for 180 days.
Amendments
We can usually make changes to existing offers if you need to amend things like the term, loan amount, repayment method, purchase price or a change of property. Just contact us to let us know what you need to change. Where this requires a change to product, the range used should be our current new business range.
We allow a change of product using the current product range as many times as needed prior to completion. This can be pre-offer or post-offer, up until we have received the Certificate of Title from the solicitor. We can’t make changes to the product after the COT has been received. If it’s just the product you need to change, our Change of details form is the easiest way to do it.
Some changes need a brand new application. These include adding or removing applicants, or changing the application type from residential to BTL and vice versa.
Extending an offer
Offer extensions are not available. Instead, we require a brand new application including new product and valuation. A new valuation fee will apply if selecting a product with a valuation fee. Any product fee paid can be transferred to the new application.
The only exception to this is if within 1 month before the offer is due to expire, an extension of no longer than 5 working days is needed due to a change in circumstances. We will consider these requests individually.