A Step by Step Guide for a Loan Transaction

Subject content to be covered:-

1. Preliminaries.

2. Letter of Offer & Instruction.

3. Who do we represent?

4. Searches – what do they reveal?

5. What documents to prepare?

6. We does the solicitors write to and for what purposes?

7. What kind of confirmations and undertakings is needed?

8. Timing of the loan procedures.

9. What documents is required to be stamped and registered.

10. How to deal with the previous financier, master chargee or developer?

11. What is needed to advise for the drawdown of the loan for the redemption sum.

12. What is required to advise for the drawdown of the loan for the balance loan sum.

13. What documents that is required by the financier and the developer (if applicable).

14. Possible problems.