Hi dario,

Thanks for your help! Appreciate that. What is the normal disbursement cost?

Alright. But how come no charges for withdrawal of private caveat? 

Hi, may i know is the bankruptcy search for loan agreement is searching who? i kena charge 80 and call up the lawyer say suppose to be 12/pax and she saying that not only search on the borrower only but also the developer la, this and that la... is this true?
the other thing like land search she say need do 2 time one time is RM30
and when i ask for the receipt from her she say cannot la, stamping no receipt la, the troublesome to pass all receipt la, this and that...

Just wish to know what is our right? Lawyer also hard to be trusted... aih...

Hi dariofoo,

This is the quote i get from lawyer . Do you think the below following charges are reasonable?

Homesmart Facility:  RM669,300.00   
Customer: 
Type of Facility: Developer - Under Construction - with title 
 
Legal Fees                                                                          RM RM
1. Facility Agreement (RM5,135.10  less 35% HDA rebate)  3,338.00
2. 1st Charge                                                            513.50
3. Power of Attorney                                                    513.50
4. Entry & Withdrawal of Private Caveat                    350.00
5. Consent to Charge                                                    300.00 Legal Fees before tax         

I wan to know are they allow to do this ? increase all of the sudden, if they have told me need 800 more when i give my offer letter from bank for them for the S&P, i might have already go for the other Lawyer !!!!

RM800 so much ?? just for 3 additional paper ??? What can i do ? as i do not wan to delay my purchase and got the key late ???? please help   

Need your urgent help on the below matter.
I have paid the booking fees with 3% to buy the house which total RM110k. In my booking slip it stated clearly that "if loan no approved, the vendor will fully refund the earnest deposit". Now i applied 2 loan, and one is accepted and one is rejected. Rejected one i dun wan to mentioned d. For the accepted one, i kena con by the agent who approach me to said that OCBC is offering me 3 years lock in period and legal fees will be borned by bank. however, it turn to nightmare as i received the OCBC letter of offer to said that 5 years lock in period and legal fees will be bear by myself. As such, i have spoken to the OCBC agent and she did said is her fault.
Now i dun wan that 5 years lock in period as too long for me and that legal fees i need to bear is big burden for myself. i would like to call off the deal.
What if i provide the rejection letter to the vendor. can i use the above clause stated in booking slip to ask for my full refund?

for your information, the above 2 loan application is recomended by the vendor's real estate agent.

thanks for your info, bro.
problem is the agent told me everything also can. but end up everyting tak boleh. if really tak boleh, i myself juz walk to other bank and ask at early stage.

haserain:


It's ok except for bankruptcy search which costs RM12/pax.

If it's your first property then you get 50% rebate on stamping on deed of assignment ya.

Hi sifus,

Pardon my ignorance here.

I just would like to know on the SPA, do the lawyers quote the price of the property or the loan amount (90% of the property price)?

Thank you

tang:


You did not mention the purchase price and loan sum but it's ok - you can check both using the calculator on the first page.

Deed of mutual covenants for RM200?
Miscellaneous for RM100?
Download the SRO on the first page and ask the lawyer to justify both charges.

You also did not mention whether it's the same lawyer. 

Adjudication fee               10.00
* It's free as it's online these days.

Land search fees               90.00
* RM30-50/seach

Bankruptcy search                            50.00
* RM12/pax. No need to do twice if same lawyer.

Affirming & Stamping SD                           50.00
* RM4/affirm per doc and stamping RM10/copy.

Postage/courier/telephone              50.00                                 
Travelling                          200.00 

* X2 = RM500 which is ex if same lawyer.

The above advice is always subject to a caveat - if you had asked for a rebate, the disbursements would've been deliberately been marked up to make up for the deficit.

Why the need for PA when there's individual title and there will be a charge entered as opposed to a DOA? 

How did you know that it was HSBC when it was never mentioned? 

kmf:



If you had asked for 'rebate' on your fees, then it is normal for them to mark up to make up for the deficit. If you are paying fees in full, it's obvious that they are overcharging you and also charging you for unnecessary and unallowed matters.

I suggest that you get a 2nd quotation or even a 3rd. 

Hi Seremban_2

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If they are brothers?

10 firms?

Anyway, I will still check with them on what Dario mentioned. Especially bankruptcy search, kenapa banyak kali? tak pecaya aku belum bankrupt kah? 

may1126:



Then you just get the new calculation, and pay him accordingy la and the lawyer earns the scaled fees accordingly.

And everyone lives happily ever after.

The end.