We're giving your clients longer to complete

Buying a home doesn't always go to plan. Sometimes, your clients simply need more time to get the keys in their hands.

So we're making things a little easier.

We’re increasing our mortgage offer validity periods to give your clients longer to complete.

Our analysis found that the majority of customers who needed a replacement offer because their transaction had overrun completed between six and nine months after applying.

What does this mean for your clients?

• For residential purchases, remortgages and Buy-to-Let, mortgage offers will now be valid for nine months, instead of six.
• For Additional Borrowing, offers will now be valid for three months, instead of one.
• And if your client needs even more time, all standard mortgage offers will continue to have the option of a further three-month extension, where applicable and subject to our existing requirements.

This brings our non-New-Built offer approach in line with our current New-Build proposition.

For you, that should mean fewer cases needing a replacement offer simply because a transaction has taken longer than expected. We hope that means less unnecessary admin for you and your clients.

What's staying the same?

There are no changes to our existing lending criteria or underwriting standards, and our valuation validity periods remain unchanged.

If you have any questions, please speak to your dedicated Skipton BDM.