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 Bank Loan - affirm SD for owner's occupation

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TSpoker
post Jan 4 2017, 02:48 PM, updated 9y ago

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Is it 'standard' or 'normal' for banks to insist that the borrower affirms a statutory declaration that the house is for owner's occupation?

I am getting a loan from CIMB and they are insisting on this provision. I plan to go with another bank if CIMB does not budge on this.

Anyone manage to get this requirement waived by their respective banks for their loans?
TSpoker
post Jan 5 2017, 01:17 AM

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thanks for your feedback

 

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