Extending a mortgage offer
Mortgage offers are typically valid for 3 to 6 months but some lenders will allow customers to extend their mortgage offers whereas others may insist that you start the application process again. Where having the ability to extend a mortgage offer might be useful is where you are buying a new build property where there is no known completion date.
What is Criteria Brain?
Criteria Brain is an online research tool for UK based mortgage advisors. Authorized advisors are able to research mortgage lenders criteria in granular detail across many lenders. Without a system like this, the advisors research phase can often take many hours and for complex cases, days, which results in frustrating delays to customers. Criteria Brain fixes this problem by providing a platform which lenders can upload their rules to, in a format that allows advisors to extract the precise information they need in great detail and very quickly. The information contained within Criteria Brain is for advisor use only but by completing the simple form, you could be speaking to an advisor who can answer this question and many more.