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This precedent letter is used to advise the purchaser’s incoming lender or mortgagee that contracts have been exchanged, settlement is due and provide title particulars and copy of transfer to assist with preparation of loan and mortgage documentation. It is to be provided to the lender after the settlement date has been confirmed. |
For a preliminary letter giving the lender particulars of title and a copy of the contract after exchange, see the separate precedent “Letter to lender giving particulars of title and enclosing copy of contract”.
This precedent has been authored for LexisNexis by Daniela Terruso, Director, Intelmar Pty Limited.