Mortgage lending continues to rise and banks are trying to accelerate the opening and approval processes of their clients.   Here are the keys to take into account when choosing a property and succeed in trying to get the loan.

Another certification that should ask the seller who wants to buy a property is that it has the corresponding division, with co-ownership regulations and end-of-building certificate. Both the regulations of co-ownership and writing are the elements that the supervisors of banks demand when approving the delivery of the credit.

Also the municipal plans must be approved.  It is also common that there are houses whose land has been deeded, but not the construction. In this particular issue, the most demanding are public banks.

It will also be necessary to see the title deeds, to make sure it is in his name. Entities dismiss the sale if the property is in the name of a relative of the seller.

Another relevant issue is to verify that in the plans of the property appears the good as it is going to be acquired. If the property has undergone any modification and this is not stated in the plans, the credit may fall.

As explained in the financial institutions, another relevant instance is when the bank appraiser verifies that the municipal plans are in line with the good being assessed. Banks today take the real surface, which relieves the official appraiser. For which the value to which the operation is intended to be made must be in accordance with the market price, it must be logical with the average valuation of the area. Otherwise, the bank's credit will not be enough to cover the purchase.

 Finally, once the property is found, if it was approved by the bank, you will have patience. Once settled on the property is calculated up to 60 days to notarize.

By:  Shailaja K