For customers arranging their mortgage through an intermediary, they will allow advisers to request an extension to an existing mortgage offer, at any point within the initial 6 month offer period. This means that customers could have a total offer period of up to 12 months.
Advisers can request an extension by populating an offer extension template where they will need to provide a declaration confirming any detrimental financial change to the customer’s circumstances, since the initial assessment.
The offer extension will be valid for 6 months from the point the extension is agreed.
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