Disbursal
The disbursal stage is when money for the property has been transferred from the bank to your account. Once the final offer letter has been signed you will need to submit any pending documents requested by the bank before the money is transferred to your account. If there are any pre-agreed conditions these will also need to be completed before the money is released to your bank.
Property transferred
You’re almost a homeowner! If you are purchasing a property from a developer or from the secondary market (resale), to complete the process all parties involved must attend a meeting at the trustee office in order to complete the final paperwork.