Is it possible to get Mortgage offer extended

[bruffin]

DS is buying a flat , put in offer in May and got mortgage then. All expected to go through in September
The bank was asked by solicitors a few times about a deed of variation on the ground rent but did not make a decision about it until end of August. There is no clause on how the ground rent is calculated , just says it will be adjusted every 5 years (I think) so no ceiling on how it can be adjusted.
This is taking a while and mortgage offer runs out 26th November. DS is really worried that they will not be able to complete on time. The leaseholders have prepared deed of variation but bank yet to approve it.
His mortgage is a 5 year fixed rate and if this does not go through it is unlikely to get a new offer that is affordable.
Will the bank extend his mortgage offer, especially as it is their indecision that has caused the delay in completion?

@bruffin unfortunately I wouldn't think so. Sadly your Son is in the same situation (hold ups for various reasons, many of the due to the lenders) as many many others & I can't see them honouring all the previous rates agreed.

it's a shit show & I'm sorry he's in this position. I guess all he can do is keep on the heels of everyone involved!

Even if it's the naks fault for the delays?

He has already put in one official complaint

I would definitely not bank on being able to extend the offer - it was difficult enough before but I'm the current climate I would think impossible.

Mortgage offers get extended all the time
He should be asking now if it can be extended

We were declined by Santander for a mortgage extension back in April this year.

Mortgage offers can be extended - all you can do is ask, ours was extended last time we purchased.

Ask today, don't waste any more time.

Depends on the lender, but there’s no reason they couldn’t do it with a bit of a workaround. Especially if it’s down to their errors!

I'd go to one of the Money pages about it. If it's the mortgage company taking it's sweet time to run down the mortgage offer, they need a kick up the arse.

I got very lucky with extensions, bank is natwest
My offer was due to expire April and I requested an extension. Got told they'd only extend 6 days?? So I accepted that the sale was going to fall through. I then discovered they HAD extended it but failed to tell me but I didn't discover this until the end of July (a few days before 2nd expiry).
I complained to them as could have completed if I'd have known and they upheld the complaint and extended again a further 3 months until October. This was during covid too and I just had to tick a box to say finances hadn't changed. Also got £75 compensation. You have to say words like undue hardship caused etc.
So my original offer was made October and was for a year. I think the issue your son may have is banks wanting to withdraw offers since the interest rate rise. My advice would be to complain if it does near expiring

Unlikely. We were declined an extension by Barclays - given the massive difference in their offered rate to the new rates it was totally understandable.

We had an agreement in principal and it was withdrawn as "the lender was withdrawing that particular product from its offering"

It's rubbish but unfortunately seems to be quite common.

They have given a 17 days extension

Hurrah! Well done for asking, I hope it's all sorted for you in time

I got a month extension last week from RBS on a re-mortgage. Had to be within 1 month of it running out. Delays due to cock-up by their solicitors (not my fault).

Apparently its a grace period but hopefully its enough time

Just an update DS exchanged yesterday and completed today @😁