Documents to be checked to buy a ready to move house.

umesh (Querist) 06 May 2015 This query is : Resolved
Sir,
1)The house is owned by independent party.2)The party is taken house loan by IDBI bank.
3)The house is constricted by builder.
4)I want to by the house/property under SBI Housing loan
50 Whether conversation of loan from IDBI to SBI is better OR INdependent loan from SBI / IDBI is better.
What are the documents to be verrified by legal.
Regards

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BAALASUBRAMANNYAMM (Expert) 06 May 2015
Here you have to see the difference of rate of interest and other incidental charges if any. You can choose, which bank is giving lesser interest and tanking nominal charges. And it is always better to take help from an advocate, for taking his legal opinion.

Rajendra K Goyal (Expert) 06 May 2015
New Housing Loan from SBI is recommended as the Bank would process the proposal afresh, would take all documents required to save your and Bank interest and any discrepancy in documents would come out and can be rectified in time.

Guest (Expert) 06 May 2015
Why worried! Bank offering loan would take the care of verifying the requisit documents necessary to buy a ready to move house.