Topic: Home loan by the purchaser of a motgaged property

I have a property for which I have taken a loan from HDFC bank. I want to sell the property. The purchaser of the property also wants to take loan from the bank but not from HDFC. What documents does he need from me for getting his home loan sanctioned. Is sales agreement essential before the loan is sanctioned? Do i get legally bound to the purchaser once I sign the sales agreement? There is a possibility that purchaser's loan is not sanctioned and in that case he may still not allow me to sell the property to a third party in case the sales agreement is signed before the loan is sanctioned. Please help.

Amitabh

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