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 Discharge of charge, Property

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turbopips
post Jun 2 2022, 01:36 PM

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Joined: Dec 2012
Hi all,

Could someone advise me if i engage the same lawyer for loan discharge as during SPA signing, then i will only need to pay 25% of the legal fees vs if i use a new conveyancing lawyer?

Below is what i found in the internet, pls correct if i am wrong ya. thanks :

"For the execution of POT and POC, buyers can engage the same lawyer used during the SPA signing (where the SPA has been prepared but the strata title isn’t ready). In this case, the existing lawyer is allowed to charge the buyer only 25% of their full-scale legal fees, as per the Solicitors Remuneration Order 2017."

 

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