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 how long for bank to issue, letter of instruction

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leongal
post Feb 8 2010, 04:01 PM

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i signed the letter of offer on nov 11 (but submitted abit later by the mortgage broker) and the letter of instruction to do the loan agreement was only out on nov 26


Added on February 8, 2010, 4:02 pm
QUOTE(areankim @ Feb 8 2010, 03:51 PM)
mind explain abit..

Letter of Instruction = ?
Letter of Undertaking = ?
*
letter of instruction is from the bank to ask the lawyer to prepare loan agreement

letter of undertaking is from the lawyer to ask the bank to drawdown loan

This post has been edited by leongal: Feb 8 2010, 04:02 PM
leongal
post Feb 24 2010, 11:19 PM

~I have a new mission in life~
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Senior Member
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Joined: Jul 2007
From: A place called "home"



which bank? shocking.gif

This post has been edited by leongal: Feb 24 2010, 11:20 PM

 

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