Can I ask for time to refinance?


We consider that a lender should generally allow a borrower reasonable time to refinance where there is a realistic prospect of this or where the financial position of the lender is fully protected because the value of the security property significantly exceeds the outstanding balance of the loan.

You will need to consider whether it is in your best interests to refinance. You may wish to seek legal or financial counselling advice to help you make the right decision.