Mortgage offer length?

[gumbald]

This isn't a financial advice thread I'll point out from the start!

My current mortgage deal runs out in September, 2 years after I bought the house as a first time buyer - hence my inexperience in this. Everyone else I seem to have spoke to doesn't move their mortgage much so isn't much help with this question! The place I thought to turn to was, of course, GD.

I'll be looking to change it when it runs out, as SVR with Santander is not where I want to be. My question is, how do mortgage offers work in getting details sorted now, then going back to them in September and taking it up? As in, if I see a deal that I like now, is there a period where they'll hold the offer for me to then take it up when I can?

I've scoured a number of websites, but the two definitions of the word 'offer' in this instance are getting in the way...

 

[dannyjo22]

Normally I get mine sorted 3 months in advance of the cut off date. The FA that sorts mine out keeps a diary of when mine is coming to an end then rings us up to see what we are after.

I've just moved mine from Santander and it went down from what i was paying when i set the deal up 2 years ago. Around June july I would start looking at yours, normally I've had people hold a deal for no more than 3 months.

 

[gumbald]

Normally I get mine sorted 3 months in advance of the cut off date. The FA that sorts mine out keeps a diary of when mine is coming to an end then rings us up to see what we are after.

I've just moved mine from Santander and it went down from what i was paying when i set the deal up 2 years ago. Around June july I would start looking at yours, normally I've had people hold a deal for no more than 3 months.

So it depends on the lender? Wasn't sure if there was some kind of rule for it. It was Nationwide I was looking on, like I said, couldn't find a mention of this anywhere.

3 months did actually stick in my mind, but I wasn't sure why - didn't want to miss out if it was 6 months.

 

[PapaLazaru]

Every fixed rate mortgage will have a booking fee and an expiry date.

There is nothing to stop you booking a rate now, as long as you are guaranteed to complete by the time it expires.