Banking Matter

Bank approval of property no way establish the title of the property.

• For obvious reasons, banks also apply several checks on the property for sale apart from examining the individual creditworthiness of the applicants.
• Banks carry out a legal and technical verification of the property, before they would grant the loan as the bank is lending money towards a safe property.
• Mainly, Banks will examine all the original documents of the property including title deeds and ownership papers.
• No bank will ever fund for the purchase of a property that is caught in any kind of legal complexity or dispute and reject your loan application.
• Before approaching the Bank, one has to get the property verified by expert property lawyer and Agreement to Sell to be prepared by the lawyer.