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The Relocation Letter For Mortgage is a crucial document in the Malaysian property financing landscape, used when a borrower wishes to transfer their existing mortgage to a different property. This scenario typically occurs when a borrower sells their current mortgaged property and purchases a new one, preferring to maintain their existing mortgage arrangement rather than applying for a new loan. The document must comply with Malaysian banking regulations, including both conventional and Islamic banking requirements where applicable. It includes detailed information about the existing mortgage, the current property, the new property, and the borrower's financial status. The letter serves as a formal request to the bank and initiates the mortgage relocation process, which is subject to the bank's approval based on various factors including property valuation, borrower's credit standing, and compliance with current banking regulations.

1. Letter Header: Bank's name and address, date, reference numbers, and other identifying information

2. Subject Line: Clear indication that this is a Relocation Letter for Mortgage, including relevant account/mortgage numbers

3. Borrower Information: Full name, IC number, current address, and contact details of the mortgage holder(s)

4. Current Property Details: Information about the currently mortgaged property including address, title details, and current mortgage amount

5. Relocation Request Details: Specific request for mortgage relocation, including reason for relocation

6. New Property Details: Complete information about the new property including address, title details, and property value

7. Financial Information: Current outstanding mortgage amount, payment history, and any relevant financial details

8. Closing and Signature: Standard closing, signature block, and contact information for follow-up