Property Refinancing
Type of Properties for Refinancing:
Testimonials
Was very impressed by the speed in which LegallySmart could get me the right lawyer to engage. They were prompt in following up on my requirements. Thank you, LegallySmart.
Mr Desmond Ching
General ManagerIt was a relatively smooth transaction thanks to your help. Great service. Cheers!
Mr Max Fung
Investment BankerI found the upload function very useful and LegallySmart’s advisors were all very friendly and helpful in assisting me. You have gained a repeat customer. Good job!
Ms Ashley Yap
Events CoordinatorAbout Refinancing / Term Loan / Redemption
HDB (Housing Development Board) / Public Housing
Built-To-Order (BTO)
Executive Condominium (EC)
Resale
Private
Executive Condominium (EC)
Resale
Documents Required:
Photocopy of: National Registration Identification Card (NRIC) / Foreign Identification Number (FIN No.) / Passport
Letter of Offer (LO) / Bank Loan Document
Landed Properties
Good Class Bungalow (GCB)
Commercial
Factories
Industrial
B1
B2
Term Loan
Unencumbered Term loan
To pledge property with paid-up mortgage to pledge with bank and obtain a term loan
Existing Mortgage Gear Up / Equity Term Loan / Cash Out
To pledge property with existing mortgage with the bank and taking cash out
Documents Required:
Photocopy of: National Registration Identification Card (NRIC) / Foreign Identification Number (FIN No.) / Passport
Letter of Offer (LO) / Bank Loan Document
Commercial Secured Trade Lines
To pledge commercial property with paid-up or existing mortgage with the bank and taking cash out for business usage
Redemption
Type of Properties for Full Redemption:
HDB (Housing Development Board) / Public Housing
Built-To-Order (BTO)
Executive Condominium (EC)
Resale
Private
Executive Condominium (EC)
Resale
Landed Properties
Good Class Bungalow (GCB)
Commercial
Factories
Industrial
B1
B2
Documents Required:
Photocopy of: National Registration Identification Card (NRIC) / Foreign Identification Number (FIN No.) / Passport
Existing Bank
Full Property Address
Mode of Payment
– Cash
– CPF
– Both (Cash & CPF)
Conveyancing can be complex and works on a case-by-case basis, given the variety of transaction types and supporting documentation required. The exact procedure also varies depending on whether the property in question is a landed property, condominium or Housing Development Board (HDB) flat. In this regard, you are strongly advised to engage a lawyer who will be able to provide advice on how to proceed, to assist with the necessary checks, as well as ensure that your interests are best protected. Please feel free to drop us an email or enquiry in the Live Chatbox or Services tab and we will get back the soonest we can.
Services Enquiry Form Refinancing / Term Loan / Redemption