We just bought an IP and went though a MB to borrow 80% of the new IP with bank B we were told it is unconditional approved. We now then are told that we have to provide bank statement (LOC) of Bank A to show bank B where the remaining 10% come from. is that normal?
As we are not sure why we have to show bank B our LOC statement from Bank A while the loan was unconditionally approved. We rang the bank B direct and were told that our loan was approved, nothing else is required and the paper work ready for us to sign at our local branch tomorrow.
Our question is should we back to our MB asking them why? why did the MB insist on providing the LOC from the other bank should we just go ahead to the local bank and sign it tomorrow?
Any advice will be much appreciated
Thank you in advance.
As we are not sure why we have to show bank B our LOC statement from Bank A while the loan was unconditionally approved. We rang the bank B direct and were told that our loan was approved, nothing else is required and the paper work ready for us to sign at our local branch tomorrow.
Our question is should we back to our MB asking them why? why did the MB insist on providing the LOC from the other bank should we just go ahead to the local bank and sign it tomorrow?
Any advice will be much appreciated
Thank you in advance.