I’ve recently just bought a subsale condo, here’s my timeline so far:
Mid January - paid 3% booking
Early February - signed bank’s offer letter
Mid March - signed S&P
Mid May - MOT executed
End June - Bank disbursed balance sum to vendor’s bank
Currently still waiting for VP
Completion date given by lawyer: Mid August
Altogether it’s been about 6 months since booking until the disbursement
This post has been edited by FamousLastWords: Jun 25 2022, 05:33 PM
Subsale Loan Disbursement Process
Jun 25 2022, 05:33 PM
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