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Author Topic: How to apply for the Letter of Offer from Banks for Housing Loans?  (Read 2123 times)
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agl

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« on: January 20, 2008, 10:13:06 AM »

Hi,

Anyone can advised me how to get the letter of offer from the banks if we wanted to apply for the housing loans from them?  It is we must show them the payslip and they will assessed whether are you eligible for the housing loans from them or is there another methods?

BTW, if we are going to book a flat now, it is that we must show them the letter of offer now or later when we are going to sign the lease of agreement?

Thank you and hoped to hear from you soon! Undecided
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pinkcoral

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« Reply #1 on: February 01, 2008, 11:43:28 PM »

Hi agl

You need only apply for the Letter of Offer after you have signed the Option To Purchase (OTP).  After which, you will have a lapse time of about two weeks to have all your financial issues settled before you need to exercise the rest of the OTP.

In any case, if you need to speak with a banker to find out what your financial standing is before making any offers, your agent will be able to refer you somebody.

Hope that helps.  Smiley

Hi,

Anyone can advised me how to get the letter of offer from the banks if we wanted to apply for the housing loans from them?  It is we must show them the payslip and they will assessed whether are you eligible for the housing loans from them or is there another methods?

BTW, if we are going to book a flat now, it is that we must show them the letter of offer now or later when we are going to sign the lease of agreement?

Thank you and hoped to hear from you soon! Undecided
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