1. Pre-Approval: Get an agreement in principle from a bank. This confirms how much you can borrow without a credit check affecting your score.
2. Property Search: Find a property you want to buy.
3. Formal Application: Submit a full application to the bank for the specific property.
4. Property Valuation: The bank sends a valuer to assess the property.
5. Final Approval: The bank issues a formal offer letter.
6. Signing & Transfer: You sign the mortgage documents at the bank and then the final sale and mortgage documents at the DLD. The bank will disburse the loan amount to the seller.
Recommendation: It is highly advisable to consult directly with Windsor Premier Mortgage Team who can understand you specific case and guide you for the details of your loan journey
