1. booking the properties. if using agent, pay the booking with agent. but there should be initial agreement
2. find the Sale & Purchase Agreement (SnP) lawyer to draf the SnP. Easier if the agent suggest you the lawyer.
wait for lawyer finish the SnP
3. If the owner(vendor) using another lawyer, the process is bit longer but just waited until SnP is finish.
wait
4. Prepare the bankers cheque (if you didn't have current account to produce cheque ) for the balance downpayment (downpayment - booking fee). You can photostat that cheque as a proof of paytment.
5. give the cheque to your lawyer and sign the SnP
6. Apply the loan using your SnP. You need to photocopy :
a.Your IC
b. 6 month payslip (some banks 3 only)
c. EPF statement
d. Your current job offer letter that state you salary
e. Copy of your SnP
f. Bank statement / account statement of your salary bank.(3 months transaction)
wait for loan approval
7. Compare loan packages between banks and choose which suitable for you
8. Bring the original SnP to Loan lawyer (may appoint by your loan bank)
9. Sign the loan agreement.
wait
10. get the key for your house!


actually during the process of preparing the SnP..you can already apply for the loan with your draf SnP or if using agent, the booking receipt

u r welcome...

1. i assume the owner neighbour is the agent for the owner (vendor). if he doest ask about booking fee, maybe u dont need it, just pay the down payment during SnP signing...easier and safer (remember to photocopy of the bankers cheque as proof of payment)
2. Forgot to mention about EA form..yes u need it (in my case, i inform the bank that i just working less then a year (current job) )

actually there are few more steps during waiting period like stamping the legal document, transfer the title from vendor to your name,approval from local authority to transfer, payment from your loan bank to vendor loan bank (if the vendor still have balance loan with his bank) and vendor...etc but for my case..that is done by my SnP lawyer (pays them a lot of money...let them do their work)

this is good calculator to estimate all you cost including SnP and MOT

http://www.fiscal-wise.com.my/FinancialToo...Calculator.aspx

This post has been edited by interferens: Aug 26 2009, 10:53 AM

2) depend on your bank
3) normally, if you take the ZEC..u dont need to pay the loan agreement lawyer, but u need to pay the SnP lawyer, the amout you can calculate using the link above.

but bear in mind, some bank only sponsor your loan agreement up to certain amount only, balance, u need to topup..but some will sponsor all (actually not sponsor, they already include in your loan..that why ZEC will have a bit more interest compare to Non ZEC)