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 Apr 22 2011, 05:34 PM
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#1
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Senior Member
975 posts Joined: Feb 2005 From: KL  
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I bought a under-con property which the SPA borne by Developer. Here is the quotation for Loan Agreement as per attached..
We assigned the same solicitor for loan agreement and SPA. Is the charges reasonable or can have more deduction?? 
The Purchase Price is RM449,900. And the Loan amount is RM411,000. This post has been edited by Felice821: Apr 22 2011, 05:39 PM |
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Apr 27 2011, 06:11 PM
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#2
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Senior Member
975 posts Joined: Feb 2005 From: KL
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QUOTE(dariofoo @ Apr 25 2011, 02:17 PM) Felice821: Thanks Dariofoo for the replied.» Click to show Spoiler - click again to hide... « Can you ask them to double check the calculation of the legal fees for DOA and PA? AFAIK, the fees for DOA and PA would be 10% of the fees for the principal document (ie facilities agreement) - so the RM3327 on legal fees ought to be reduced by 30% under the HDA = RM2328.90. Therefore, DOA and PA ought to be RM232.89 respectively. Land search - RM30-50. CCM search - RM15 Items 12,14,15 adds up to RM450 is pricey, unless you've asked for a you-know-what, so the disbursements would be deliberately marked up   Sorry for a noob question.. what is DOA?? Why some legal fees got DOA and some do not have....? Is that a reasonable figure is I quoted back the lawyer RM300 for the Item 12, 14 and 15? Another question is... my loan amount is RM404,910. But I finance my Legal fees into the loan which come up to RM411,000. So should the legal fees based on which amount??? |
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