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Is there a big difference to buy a leasehold and freehold property? The obvious answer is always, Yes! Most times, when a Property Agent or Developer trying to sell a leasehold house to a customer, they will say, " nolah... not much difference. Leasehold and freehold same also.No need to worry, you will not [...]
Sale And Purchase Agreement Legal Fees SPA, Stamp Duty, And Legal Fees For Malaysian Property The schedule below as a reference of stamp duty and legal fees when purchasing a house. Latest Update - 2023 Professional Legal Fees: For The First RM500,000.00 - 1.0% (Subject to a minimum fee of RM500.00) For The Next [...]
Customer Question: Which bank provides refinancing for an uncompleted serviced apartment? Expected completion in another year Answer: Well for property under construction or without CCC, you are not able to refinance your property. You have to wait until the property is completed. Without the CCC, valuer firm will not quote any confirm value of [...]
1) Penalty Fees or Any Processing Fees Imposed By Existing Bank Before proceed for refinancing, we always advice our customer to check for penalty charges and any processing fees imposed by existing bank. Whether is your loan still within bonding period? If it’s still bonding period, customer should make decision whether to proceed or [...]
To get an approval from bank, you first must understand the bank’s standard approval criteria. Generally, bank will look at following criteria. 1) Borrower employment background Bank will prefer if customer working in Multi National Company (MNC) and working for more than 2 years. It’s show stability in employment and income. However, it doesn’t [...]
Refinancing Question and Answer ( Q & A): ( All Q & A are from our customer, if you have any questions about refinancing, please go to our contact us page and drop us your questions. We we shall reply to you as soon.) 1) Question : I bought a house in 2007.Purchase Price [...]
How To Calculate Stamp Duty 2024 - Stamp Duty Waiver For First-Time House Buyer Lots of people talking about buying a house. But, one thing a home buyer should know is how much the stamp duty will cost when buying a new house. Today, we're going to share the simple calculation of stamp [...]
If buying a new home is on your mind this year, it is critical to understand the property stamp duty and how you can get a stamp duty exemption, especially for a first-time house buyer. In this article – Stamp duty Malaysia, we will dive deep into Stamp duty in Malaysia to better understand [...]
I believe in reading all documents signed. Notably, the one that has only less than ten pages to read. So, today I want to share my understanding of the Bank's letter offer with you. Bank Letter Offer is the document that you sign right after your bank loan is approved. After approval, the banker [...]
( When buying a house or refinance your home) If you read my earlier article "How Much You Need To Buy A House In Malaysia?", You'll understand that buying a house will cost a lot. Based on the article, you will need about 17% of purchase price to cover all the costs. However, if [...]
