If you need to extend the validity of the offer
Extending the validity of the mortgage offer is not always possible. Therefore, see if you can extend it, and what any possible costs might be. The renewal fee and mortgage offer are also referred to as the commitment fee. Usually, you pay 0.25% of the mortgage sum every month. With a mortgage of
€ 400,000, this means € 1,000 per month. Good to know: these costs are tax-deductible.
Some lenders will allow you to extend the offer for your mortgage for free. It can therefore be advantageous to look for a lender who doesn’t charge extension costs. Our advisors can help you. Please note that you are often obliged to pay cancellation costs if you want to cancel the mortgage offer.