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 WHAT'S HOT TODAY! |
2 years fixed rate from 1.98%
4 years fixed rate from 2.28%
Floating no lock-in from 1.65%
And more...
We are the leading mortgage broker in Singapore. Find out the best rate ONLINE now! |
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 Legal Fee |
1. When do you need a lawyer?
2. How much is a lawyer fee? (Private Property | HDB)
3. How do I appoint a lawyer?
4. Things you may not know
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1. When do you need a lawyer?
You will need a lawyer in the following situations:
1. New purchase of property (From Developer, from re-sale & sub-sale).
2. Refinancing.
3. Taking term loan.
4. Discharge mortgage.
5. Taking back your property title-deed from bank.
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2. How much is a lawyer charge?
Private property
| S/N |
Action description |
Legal Fee |
Remarks |
| 1 |
New purchase from developer, uncompleted |
$3,000 |
All cost included* |
| 2 |
New purchase from developer, completed |
$2,500 |
All cost included* |
| 3 |
New purchase from sub-sales, uncompleted |
$3,000 |
All cost included* |
| 4 |
New Purchase from re-sale market, completed |
$2,500 |
All cost included* |
| 5 |
Refinancing from local bank |
$2,000 |
All cost included* |
| 6 |
Refiancing from foreign bank |
$2,500 |
All cost included* |
| 7 |
Re-mortgage (For fully paid property) |
$2,200 |
All cost included* |
| 8 |
Re-mortgage (Additional Term Loan, ) |
$2,200 |
All cost included* |
* Charges include Lawyer's professional fee, CPF, stamp duty, third party fee and GST.
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HDB
| S/N |
Action Description |
Legal Fee |
Remarks |
| 1. |
New purchase from HDB |
- |
Use HDB lawyer |
| 2 |
New purchase from re-sale |
$2,000 |
All cost included* |
| 3 |
Refinancing |
$2,000 |
All cost included* |
* Charges include Lawyer's professional fee, CPF, stamp duty, third party fee and GST.
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3. How do I appoint a lawyer?
The financing institutions would provide you with a list of lawyers on their panel for your selection. You will however require consent from the financing institution for the appointment of your own lawyer.
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4. Things you may not know
1. The Legal fee is not fixed. There are many lawfirms on a bank's panel, but they charge differently. for example, the legal fee for refiancing could range from $2,000 to $5,000.
2. The price a property agent or lawyer quote you do not include stamp fee ($500) and GST (7%). Instead of asking what is the legal fee, please ask what is the total amount you need to pay for a transaction.
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 OUR NEWSLETTER |
 DAILY SIBOR RATES |
January 06, 2009
SIBOR (S$):
| 1 mth |
0.73292 |
| 2 mths |
0.83292 |
| 3 mths |
0.96875 |
| 6 mths |
1.05200 |
| 9 mths |
1.12500 |
| 12 mths |
1.25000 |
SWAP - Offer rates (S$):
| 1 mth |
0.71434 |
| 2 mths |
1.20630 |
| 3 mths |
1.38064 |
| 6 mths |
1.64228 |
| 9 mths |
1.80831 |
| 12 mths |
1.93640 |
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