Complete a mortgage application form and submit required documents to the bank.
The bank will arrange for a valuation of the property. The bank will then prepare your mortgage terms by assessing the valuation result and your repayment ability.
If your mortgage is approved, the bank will arrange you to sign confirmation letter with mortgage, and send instruction letter to corresponding solicitor firm to prepare mortgage deeds
After signing necessary contracts, the solicitor firm will notify the bank. The bank will then pass the mortgaged amount to the seller's solicitor firm to complete the transaction.
The bank will provide a copy of the repayment schedule to the customer. A repayment schedule should include loan details such as monthly installment, interest and outstanding balance.
