Mortgage Offer expires before house purchase?

[hf128219]

How risky is this? We have a mortgage offer valid until Dec 2010. We are unlikely to complete prior to then.

Has anyone else been in this situation?

Thanks.

You'll need it to be valid at completion or the lender could change the rate and t and c 's (ie. size of depost required) making it suddenly less affordable. December is a long way off though.

Talk to your broker and see if you can get an extension.