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 Subsale Loan Disbursement Process

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vez
post Jun 26 2022, 05:51 PM

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QUOTE(FamousLastWords @ Jun 25 2022, 05:33 PM)
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
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VP need 6-8 weeks? VP is just wait for the seller to move out those thing they still want it back? or have some procedure?
completion date given by lawyer is the moment give you the key right?

just bought a subsale house as well, from I paid booking fees til sign loan offer letter and SPA took me 15 days sweat.gif

 

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