Signing Mortgage Documents

08 Jun 2015| Posted by: Geoff Baldwin

Mortgage documentation is prepared for signing by the purchasers and your broker or bank should ensure that this procedure is completed by the purchasers without delay. Statements of account are prepared by your settlement agent to enable the balance of purchase monies to be paid into the trust account so that settlement can proceed on time. Your bank or building society will calculate a payout figure to finalise your mortgage loan and liaise with your appointed settlement agent to receive this amount on the date the transaction is to be completed.