understanding financial jargon
Offer Of Advance
The formal statement by a lender to a mortgage applicant of the amount that it is prepared to lend and the terms and conditions attached to this is called Offer of advance (or Offer). All offers are issued conditionally and are therefore not binding on the lender.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
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