The process of sanctioning of a property loan such as home loan and car loan. is complex than a personal loans. This is because, in case of property loans, the bank has to verify not just your financial information, but also the credibility and eligibility of the land that you are purchasing with the loan amount.
At SINAC, we make it easier to facilitate the steps taken by a Banker, an institution lender from the time a request for a loan application is received to the time the loan is approved, including taking the application, credit investigation, evaluation of the loan and other steps.
A purchase and sale agreement (PSA) is an agreement between a buyer and a seller of real estate property, ie, A House , a plot of land Etc;
Sinac (Pvt) Limited would be a company, receiving, and purchasing lands and build property, is referred to as the buyer and on the other hand we are an entity who disposing, conveying, and selling the real estate assets as a seller.
In other cases, we are entering into contracts with various rights and obligations of both the buyer and seller, and might facilitate other documents be executed and recorded in the public records, such as an assignment, deed of trust etc in terms of real estate properties.
Title registration to Sri Lanka is introduced to provide stronger and clear land ownership with the view of improving land utilization and development and to avoid unnecessary dispute due to land ownership or boundaries. All land bought, sold, gifted or mortgaged must now be registered at the Land Registry. Sinac Pvt Limited is facilitating the Land Registry folio searches, Pedigree Checking, Sorting out Unclear Extracts, making arrangements to rectify errors if any in the land registry etc.
Before you apply for a bank loan, it is important to know the documents that Banks generally ask for. The latest Income Tax Return (ITR), but may be A profit means the health of your earning is good, while losses can be viewed …
Also, before you apply for commercial credit, you should review a credit report on your own earnings. To a bank, collateral is simply defined as property that secures a loan that you apply for. A personal financial statement and the list of assets and Liabilities, income tax returns from a certified accounting body would be requested, Sinac facilitate all these requirements….
A property valuation is an inspection carried out to help determine the current market value of a property. … Before providing a mortgage or refinancing, a lending institution (such as a bank) may request a valuation to ensure the loan can be covered by the security value of the property.
Is the technique, profession, art, and science of determining the land extent , Sinac Pvt Limited provides the services of rope stretching to use simple geometry to re-establish laser devices, Availability of land distances to be measured using a variety of means.
Site diagram are supplied, the signing of such general plan or diagram in order to signify that … representations of a piece of land which has been signed by a person who professionalized in this known as “land surveyor” means Sinac Private Limited recognized as such for the purposes of this.
To apply for a Bank facility, normally they are asking for a Pradeshiya Sabha, or Municipality approvals and the rules of land sub dividing to be followed up . Again in constructing buildings, there are several procedures and rules to be followed. Sinac staff is well trained in making arrangements in complying these sets of requirements
The written analysis of the status of title to real property, May be our own properties or your belongings , including a property description, names of titleholders and how title is held (joint tenancy, etc.), tax rate, encumbrances (mortgages, liens, deeds of trusts, recorded judgments), and real property taxes due. We at Sinac Private Limited , are in position to facilitate this requirement.