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Financial Legal fees & SPA fees, are these charges reasonable??

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TScbkhor
post Apr 6 2010, 10:07 PM, updated 16y ago

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136 posts

Joined: Aug 2005
From: Ipoh


Hi all,

I'm purchasing a double story corner house in Ipoh. It's a new house and it's now still under construction. Date of completion expected in 2 years. It has a promotion that mentions "Free SPA Legal Fees". The information for this purchase are as below:

Property price : Rm 373,320
MoF : 80%
Loan amount : RM 306,490 (including MRTA premium)

Professional charges quoted by the lawyer firm (SPA):
1) Land Search : RM 80
2) Stamping - SPA : RM 40
3) Registration Memorandum of Transfer : RM 570
4) Stamp Duty on Transfer : RM 6470
5) Miscellanoues, Travelling, photocopy, courier, postage : RM 100

Professional charges quoted by the lawyer firm (Loan):
1) Facility Agreement : RM 1816.80
2) 1st Party Charge : RM 200
5% Government Tax : RM 100.84

1) Stamping of Charge : RM 40
2) Stamping and stamp duty for Facility Agreement : RM 1565
3) Stamping of Statutory Declaration : RM 20
4) Land Office Noting fee and registration fee on Charge : RM 110
5) Bankruptcy search : RM 12
6) Land Search : RM 80
7) Affirmation fee on Statutory Declaration : RM 10
8 )Stamping Letter of Offer : RM 10
9) Purchase documents from bank : RM 150
10) Miscellaneoues : RM 50
11) Travelling land office,stamp office,phone calls, fax : RM 50

Please advise if these charges are reasonable. Furthermore, since I'm buying a new house under construction, are all these items applicable?
TScbkhor
post Apr 7 2010, 10:45 AM

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Junior Member
136 posts

Joined: Aug 2005
From: Ipoh


Just want to check whether the fees are reasonable...
TScbkhor
post Apr 8 2010, 05:03 PM

Getting Started
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Junior Member
136 posts

Joined: Aug 2005
From: Ipoh


thanks for all the feedback and help...biggrin.gif

 

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