Acting for a lender

• What are the requirements set by lenders?

  • buyer is credit worthy
  • property is good security
• what are the terms of a mortgage for buyers?

  buyer should accept mortgage offer before exchanging contract
• What is required before lender releases the deposit funds?

  They require a certificate of title to provide that property is good security
• What is the purpose of a certificate of title?

  1. Good and marketable
  2. Owner
  3. Date of completion

  GOD