Offers on new build properties are now valid for 180 days and can be extended by a further 90 days in the right circumstances.
Secure Trust Bank’s standard offers are valid for 90 days, with a further 30-day extension available upon request.
Tony Hall, Head of Sales & Marketing at Secure Trust Bank Mortgages, said:
“New build properties play an important role in helping to deliver the extra housing we so desperately need and buyers will often purchase a home off-plan, months before the building work is completed.
“At Secure Trust Bank, we have individual underwriting and flexible criteria, so that a strong case never goes ignored. By introducing a six-month offer period, with the potential for a further three-month extension, we are making it easier for customers who are underserved by the high street to buy a brand new home.”
