Subsale: Buyer applying loan, need previous S&P?
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 Aug 27 2020, 10:36 PM, updated 6y ago
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#1
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Junior Member
9 posts Joined: Sep 2004 
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I am a seller of property and the banker's from buyer side requesting me to furnish my original purchase S&P to buyer's banker.
This is the first time I heard about this. Is this a requirement that I need to full fill as a seller? Really make no sense to me why banker want to see my previous S&P. |
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Aug 27 2020, 10:49 PM
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#2
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Senior Member
1,404 posts Joined: Jun 2009 
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yes
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Aug 27 2020, 10:49 PM
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#3
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Junior Member
314 posts Joined: Jun 2005
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It is the standard procedure for bank to verify.
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Aug 27 2020, 11:03 PM
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#4
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Senior Member
1,262 posts Joined: Apr 2007
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Yes. Bg je. Cepat proses.
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Aug 28 2020, 12:42 AM
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#5
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Junior Member
9 posts Joined: Sep 2004
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QUOTE(cedyy @ Aug 27 2020, 10:49 PM) yes  QUOTE(albhong @ Aug 27 2020, 10:49 PM) It is the standard procedure for bank to verify. QUOTE(CHIP CN @ Aug 27 2020, 11:03 PM) Yes. Bg je. Cepat proses. I guess it is okay to give based on the general consensus here. Thanks for sharing guys. |
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Aug 28 2020, 06:39 AM
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#6
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All Stars
14,511 posts Joined: Sep 2017
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QUOTE(Star @ Aug 27 2020, 10:36 PM) I am a seller of property and the banker's from buyer side requesting me to furnish my original purchase S&P to buyer's banker. If you are selling a highrise unit without strata title, is a requirement for bank to verified property details.This is the first time I heard about this. Is this a requirement that I need to full fill as a seller? Really make no sense to me why banker want to see my previous S&P. If you have a copy of title, then SnP not required. This post has been edited by mini orchard: Aug 28 2020, 06:40 AM |
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Aug 28 2020, 11:09 AM
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#7
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Junior Member
728 posts Joined: Jun 2012
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To provide seller sales purchase agreement to the bank is need to check property title and address. If is purchase from developer, and individual title haven't issue yet, then SNP is to show master title detail.
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