Mortgage documentation explained. If you are buying a property and seeking finance, there are certain documents that will be required by your bank. Once you are sale agreed on your property and have instructed your solicitor, you will need to inform your bank or lending institution of your solicitor’s details so that the bank can issue your loan offer and loan pack to them.
If you are buying a property and seeking finance, there are certain documents that will be required by your bank.
Once you are sale agreed on your property and have instructed your solicitor, you will need to inform your bank or lending institution of your solicitor’s details so that the bank can issue your loan offer and loan pack to them.
The bank will most likely send you a copy of your loan offer which will include the terms of your loan along with general and special conditions of the loan agreement.
Further to this loan offer, a loan pack will be sent to your solicitors which includes all of the documentation that you will need to sign with your solicitor and return to the lending institution.
Not every bank is the same in terms of what documentation is signed with your solicitor and what documentation is signed in branch with the bank but the following are generally required:
Your solicitor will run through all of the above documents with you in detail however hopefully this gives some insight into what to expect. Should you have any queries, please contact us to discuss.
Check out our new video on setting up a fintech company in Ireland! Do you know what fintech laws you need to abide by? Need a fintech solicitor? Our video has all the fintech answers you need.
Text LinkCrypto regulations Ireland and the EU - update. The law around cryptocurrency may change again, with a set of compromises to the original MiCA legislation announced by the European Union on the 28th of February 2022.
Text LinkCosgrove Gaynard Solicitors were delighted to be involved in a recent case for a private client in the High Court, in which we sought a Norwich Pharmacal Order to direct Coinbase Europe Limited to hand over details of an account/account holder who may be connected with stolen bitcoin.
Text LinkAwards: Fintech Law firm of the year in Ireland 2022
Text LinkIf you’re buying or selling a property, changing mortgages, or investing, it's going to be absolutely vital that you have the services of an expert property solicitor in your corner.
Text Link