Lowyat.NET: Latest topics by TravelToInfinity

Legal Fees

TravelToInfinity — Sun, 28 Aug 2016 09:21:43 +0800

Hi all,

I'm wondering if lawyers usually include charges for Memorandum of Transfer (MOT) and Statutory Declaration (SD) in their legal fees?

One lawyer I spoke to said they can charge up to 10% of the SPA but another lawyer said they have never imposed fees for MOT and SD.

I'm the very confused buyer by the way

Thanks in advance for any assistance on this matter!

3.5% booking fee & 10 day grace period?

TravelToInfinity — Mon, 13 Jun 2016 07:31:51 +0800

Hi all,

As I understand, agents/sellers often require an initial 3% as the earnest deposit. Mine is seeking 3.5% or 3.18% as the lowest option. I feel the amount's a little weird and after this earnest deposit is paid, I will have 10 days to secure a bank loan or the deal will fall through. Can banks process loans that quickly?

This is my first time, so your thoughts are highly appreciated. Thanks!

Using a mortgage broker

TravelToInfinity — Sun, 12 Jun 2016 20:08:42 +0800

Hi everyone,

I am applying for my first home loan. I live overseas so I was wondering if it's time & money saving for me to use a loan broker to find the best deal for me and help me with the necessary documents etc. Time is of the essence for me because I can't return to Malaysia too often. I don't have any experience in this so your opinions would be helpful!

Thanks!