legal charges for mortgage loan
21-Aug-2023 (In Recovery Law)
is it mandatory to pay lawyer valuation charges and to take property insurance from bank to get mortgage loan ?
A lawyer charges fees for doing property valuation and the fees must be mutually agreed upon beforehand. It is ethical to pay fees for the service you have availed from the lawyer. Buying property insurance is a good practice if you are taking home loan but it is not mandatory to do so according to RBI
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