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 When to appoint lawyer for Loan Agreement

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TSSoftenedheart
post Jul 30 2024, 08:07 PM, updated 2y ago

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Hi all

I'm in process to purchase first house. However I'm not really understand some of the process.

During which stage of the buying process I need to appoint lawyer for Loan Agreement. From my reading, every bank will have their own panel firm for LA. In case I'm applying more than 1 bank, do I need to wait for bank approve loan before start searching for LA lawyer?

Thanks in advance

This post has been edited by Softenedheart: Jul 30 2024, 08:07 PM
jetblast
post Jul 30 2024, 08:10 PM

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Normally you don't have to find your own lawyer. Just use the same bank lawyer much easier
taitianhin
post Jul 30 2024, 08:11 PM

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Can one. Pasal need to draft SnP in a short period of time after the signage.
Ask the lawyer/firm if they do on those banks you have apply loan on.
Ask for discount now also. Good timing to looks for lawyers and compare their Quotation and discount
forever1979
post Jul 31 2024, 11:52 AM

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ask the bank to recommend 2-3 lawyer firm. after compare the fee, u choice one from them. u need to use panel from bank.

 

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