Once the sanction letter has been approved, one shall hand it over to his notary to initiate the searches, which will then be forwarded to the Bank’s Legal Department for final vetting. Simultaneously, you would need to appoint your Architect, inspect the property, fill in the Bank’s Valuation Report, and apply for Life and Buildings Insurance. These are documents that need to be provided to the Bank to sign the Property Deed.
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MeDirect Bank (Malta) plc, is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994. Applications are subject to the Bank’s lending criteria. Terms and conditions apply and are available on request.
