tosamtan 0 Report post Posted August 15, 2010 Does the bank needs the option to purchased to be exercised by buyer before granting a bridging loan? Anyone has a definite answer on this please advise. TIA Share this post Link to post Share on other sites
Spikey 0 Report post Posted August 15, 2010 At least for my previous bridging loan, the bank needed a copy of the otp Share this post Link to post Share on other sites
MortgagePremier 0 Report post Posted November 20, 2010 Does the bank needs the option to purchased to be exercised by buyer before granting a bridging loan? Anyone has a definite answer on this please advise. TIA Hi, you can apply for the bridging loan before the buyer exercised the OTP, just need to furnish the OTP & valuation report (HDB). In fact, you can even apply for a conditional bridging loan whereby you had not even have the OTP yet. Conditions are: 1) Property address to be furnished 2) Minimum selling price to be furnish 3) Submit OTP within 1 month Regards Share this post Link to post Share on other sites
