mike 0 Report post Posted April 25, 2007 we plan to sell the flat soon, but few years ago we transfer it from hdb loan to bank loan (not in lock-in period now)I heard that the bank might charge some fee. not sure what is it ? and is there anything else different from selling flat under hdb loan ? Anyone has this experience pls give some advice. Thanks. Share this post Link to post Share on other sites
raincole 0 Report post Posted April 26, 2007 First, check with the bank with your intention to sell the house. They will send you a letter with what the amt owing and such. Different bank will have different charges and it really depends on what package you took with them (if promotional or the usual rate and such). Share this post Link to post Share on other sites
mike 0 Report post Posted April 26, 2007 Thanks, raincole.Again, is there a lawyer needed ? I guess so. Then will bank hire one for us and charge us the fee ? or we or our selling agent need to find one lawyer firm ? Share this post Link to post Share on other sites
raincole 0 Report post Posted May 2, 2007 The agent can get their company lawyers to do so. There are a few forms that required lawyer for example discharging of the bank loan and taking up new mortage loan and such.It is easier if the agent lawyer does all instead of looking for "subletting" parts to different lawyers. Share this post Link to post Share on other sites
waileong 0 Report post Posted May 2, 2007 Your agent and lawyer will advise you on all the procedures. That's why they charge fees. Share this post Link to post Share on other sites
