Separate scheme application fees from purchase funding
An application fee is not the full cost of buying a flat. Plan purchase funds and later costs separately.
Separate application and purchase funding
An exercise's application fee differs from the down payment, lending and transaction costs. Closed-year information is not a new payment notice or a complete purchase budget.
Check amounts and dates from the actual purchase documents and the participating bank's offer. A guarantee arrangement is not an individual approval; list ownership and move-in costs separately.
Assign each amount to its stage
Keep unknown amounts open.
| Item | Record | Follow-up |
|---|---|---|
| Application | Scheme and application-payment record | Do not treat as the full budget |
| Purchase | Amounts, documents and dates | Check available funds |
| Loan | Bank terms and approval stage | Keep distinct from scenarios |
| Ownership | Recurring and move-in costs | Record their periods |
Example: an application fee is paid before purchase funding
An application-payment record does not establish readiness of purchase funds. Build the cash timetable from later documents and the actual bank terms.
Check amounts and dates together
- Costs have identified stages
- Loan approval is not assumed
- Ownership spending is separate