Cashback Remortgages · Remortgaging
What Happens If Your Remortgage Offer Expires
A remortgage offer is valid for a limited time. If it expires before completion, you may lose the rate, so managing the timeline matters.
Offer validity
Mortgage offers typically last for a set number of months. If the legal work is not completed in time, the offer can lapse and you may need to reapply, potentially at a different rate.
Delays can come from valuations, legal work or missing documents.
Avoiding a lapse
Start early, respond promptly to requests and keep your adviser and conveyancer informed. If your current deal ends before the new one completes, ask about the implications so you are not surprised by a higher rate.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.