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.
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