The expiring offer — keeping a purchase alive
Written by Chris Canham, commercial finance broker with nearly 30 years in financial services. Last reviewed .
Offer extended, price change absorbed — no re-underwriting
Deal at a glance
- Loan type
- Mortgage on leasehold flats
A real client transaction, anonymised. Client-identifying details have been removed; lender names and figures are shown where the client has agreed.
A property investor was purchasing leasehold flats, with the purchase repeatedly delayed by slow third parties — managing agents, service-charge information and solicitor enquiries.
The mortgage offer was heading for expiry before the purchase could exchange, and the purchase price was renegotiated mid-transaction — either of which can send a case back to square one.
Working with the lender through our packaging partner, an offer extension was secured to keep the purchase alive.
The renegotiated price was confirmed not to disturb the lending decision — no re-underwriting, no new offer needed.
Solicitors, agents and lender were kept talking until the file was ready to exchange. The purchase survived both the delay and the price change.
Related case studies
All deal anatomies
CommercialSpecialist security, placed with the right lender
The scaffolding yard — the asset most lenders won't touch
Directors of an established scaffolding company raising finance secured on their operating yard — specialist commercial land with limited comparable evidence that mainstream lenders decline on sight.
CommercialOwner-occupier pub purchase with Allica Bank
Buying the pub — a challenger-bank commercial mortgage
An established hospitality operator buying the freehold of the Surrey pub their business trades from — with an asbestos report, source-of-deposit evidence and guarantor legal advice all needing to be unblocked.
BridgingThree facilities arranged in parallel
Three facilities, one client — two bridges plus development finance
A South London portfolio landlord running two purchases and a ground-up development at the same time. Three funding lines arranged and managed in parallel, with no deal allowed to slow another down.
Have a deal in front of you?
Send us the outline. You will get a straight answer on deliverability and indicative terms — not a form response.
We aim to respond the same working day.
Or book a 30-minute call at a time that suits you.