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Lawyers Corner, A one-stop centre on lawyers and queries
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ed1torz
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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?
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ed1torz
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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
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ed1torz
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Oct 27 2010, 11:19 PM
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Ok! got it. Thank!
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