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Home Financing

Asked by M 25 Feb 2013

hi gurus, like to check when must COV be paid to seller in a HDB resale? Is it always at 1st appointment? Thx.

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Angela Chua 蔡斯琪 · Answer 1 · 2013-02-25T17:54:53+08:00

Angela Chua 蔡斯琪

Replied 25 Feb 2013

Hi M,

If you are taking a HDB loan, you need to pay the COV within 10 days from the first appointment.

Or if you are taking a bank loan, that will be 2 weeks before 2nd appointment.

Thank you.

Angela Chua
OrangeTee.com Pte Ltd
CEA Reg No: R007702C
H/P: 9323 3330 Read More

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MH

M

Replied 25 Feb 2013

Thanks for the clarification, Angela.

Mike Lim · Answer 2 · 2013-02-25T18:08:10+08:00

Mike Lim

Replied 25 Feb 2013

Evening,

COV is not payable directly to seller. It's paid to either HDB, if you are taking HDB loan, within 2 weeks from first appointment or to your lawyer, if you are taking bank loan, 2 weeks before completion date.

FYI.
Mike Lim
96929209
ERA Read More

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MH

M

Replied 25 Feb 2013

Thanks, Mike!

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