Originally Posted by
Zeus
For my case, yes , thats normally the practice i think, we have to make all initial cheque payment to the lawyer and the further 10% of the purchase price once the foundation is built, normally after a year. The bank will disburse half of amount and another half to be paid in cheque to the lawyer ,myself.
Yes, the signing of mortgage document also have to go thru our lawyer. Well they ask me to make an appointment with them, they need to explain the contract and all the clauses in detail, it may take times. My first appt with lawyer last year took more than 2 hours , that's including waiting time, photocopying documents by their staff, explaining and signing stacks of documents. After all, my lawyer is assigned by the UOL, in house banker UOB bank. I think it is a standard practice for private property purchase.