Hi All,

Recently, I purchased a second-hand house. On the Letter Of Offer, there is mentioned that I have to pay the balance of 90% amount (bank loan) in 90 days. After that, there is 8% p/a interest occur which calculated on daily basis.

My question is, can I ask the bank to bear the interest cost as the delay was cause by their side. Should I write to them? The deadline will be on 15-Aug and the lawyer say he cannot completed the whole process before then.

Can someone advise? Can someone guide me to write the letter?

Thanksz

Check your loan offer letter or loan agreement for how long you agreed to give the bank to process your loan. Usually it's stated 3 or 4 months time.
So usually, before the time given for bank expired, your s&p 90 days already expired.
Banks are smart you know.

are u sure is bank's fault, or is the loan agreement lawyer's fault?

if its the lawyer then claim the different amount 8% - (your bank loan interest) from them, they will respond to you very fast if you CC. all the document to Bar council