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 Lawyers Corner, A one-stop centre on lawyers and queries

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ed1torz
post Oct 26 2010, 10:00 PM

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After I've paid my S&P, and whatever fees - my lawyer said they will deal with bank for Letter of Undertaking and nothing more from my side.

So, after signing S&P, loan agreement and such..I should only wait for my copy of Letter of Undertaking? that's it?

FYI, my property need 2 years to complete?
ed1torz
post Oct 27 2010, 05:49 PM

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If you're the purchaser, which solicitor is this - for the S&P or bank loan documentation?

My solicitor for S&P is the developer. Any document I should expect from them after I signed my S&P?

I've appoint another lawyer for bank loan documentation. Any document I should expect from them after I signed my S&P?
According to them, they will deal with bank for Letter of Undertaking and I will have a copy by then. Is that all?

2) Is the property still encumbered (i.e. is there still an existing loan with the bank) ?

New Property with New loan under my name

3) Is the property leasehold or freehold?

Freehold and I received a document from developer mentioning MOT title transfer

I'm currently overseas after I settle all payment to respective firms both developer, solicitor and etc.


I only has doubt on what Im suppose to do after I paid my downpayment, solicitor fees, and got all documentation signed.

<- first time house buyer here
ed1torz
post Oct 27 2010, 11:19 PM

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Ok! got it. Thank!

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