Document background
The Mortgage Letter From Bank is a crucial document in Singapore's property financing landscape, issued by licensed banking institutions under MAS supervision. It is typically generated after a successful mortgage application review and property valuation process. The letter serves multiple purposes: confirming loan approval, documenting loan terms, specifying conditions precedent, and ensuring compliance with Singapore's strict property financing regulations including TDSR and LTV limits. This document forms the basis for subsequent mortgage documentation and is required for property transactions in Singapore.
