Developer say that because it is easy for them to get progressive payment approved quickly during contruction. During contruction of a project, loan lawyers are the one incharge to verify and authorise the bank to make the progressive payment. This can lead to loop hole as it is their own lawyer for this project and can close eye to approve anything for the bank to release money. This has happened in other projects before and I experienced myself. Im not telling Trinity as they have reputable track record but just sharing my previous experience

The bottom line is you can choose your own lawyers and best is to compare which lawyer firm offers the best rate since banks dont absorb legal fees.

Im not sure bank do verification but loan lawyers authorize the progressive payment release.

check your booking letter if it is stated that you must appoint their panel lawyer for loan agreement. I doubt they do such term because they are not bearing the legal fees. So you have right to choose anyone. Talk to few lawyer firms and see who give the best rate.

---

Added on July 1, 2012, 4:53 pmWah they so kiasu until make you sign the letter. You have right to choose anyone.

This post has been edited by cheese12: Jul 1 2012, 04:53 PM

Anyone who is cancelling their Block B booking- pls do PM me. I am interested. Thank you