I just messaged a friend to see how things were going with his OTP, whether finance was confirmed. He said the bank won't confirm until they have the title deed. That doesn't sound right does it? As far as I'm aware it's a three step process - 1) Valuation, 2) Loan is confirmed, 3) Settlement.
2 and 3 aren't the same thing - wouldn't make sense to turn up to settlement without a confirmed loan. Or is this the way it works with new builds?
2 and 3 aren't the same thing - wouldn't make sense to turn up to settlement without a confirmed loan. Or is this the way it works with new builds?