You should follow 4 basic steps:
- You need to submit a mortgage application form and income proof to a bank.
- The bank will conduct property valuation and examine the mortgage application. If necessary, your credit report will be checked.
- After your application is approved, the bank will arrange you to sign a loan condition letter. The bank will instruct your appointed solicitor to prepare mortgage deeds and other legal instruments.
- On the completion date, the bank will make available the mortgage money to the solicitor firm and pass to the property seller.