Hi must appreciated if can get some advice.

I just accompanied a friend to sign her loan documents. She is the very careful type (actually reads before signing) and she is a bit confused by two things

She purchased a prop from developer, with following conditions : Dev will pay S & P legal fees if (i) use their lawyer (ii) use their panel banks (iii) loan documents also done by same lawyer
The prop has indivdual title already, so MOT same time

S & P already signed, and She accepted an Islamic Loan from a bank.

Two things she wasn't sure :
(1) Lawyer asked her to sign a letter saying that that she agree the lawyer (i) will represent the bank (ii) but fees are paid by her (iii) in the event of dispute, lawyer will act for the bank (she has to find another lawyer to act for her)

Is this normal? (i don't remember doing this the last time I signed my own documents)

(2) Her Islamic loan is a new variety - the Musyarakah type. So she want to know things like how much to pay if early settlement etc.
But she was ask to sign a document where the schedule of payment etc. are all left blank. According to the lawyer, the bank's instructions are to leave everything blank and just get the borrower to sign.

Is that safe to sign? Once signed, there is no going back.

Since the lawyer is now effectively protecting the bank's interest, she feels very worried.


Thanks very much for any enlightenment.

(I was at the point of advising her - if not comfortable, just walk away and get another loan)

Thanks very much. Guess we probably overreacted on seeing that letter.

Plan to sit down with the lawyer and go thru just the document on the loan T & C.