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 Lawyers Corner, A one-stop centre on lawyers and queries

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ern43
post Jul 20 2011, 02:50 PM

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Hi dariofoo,

Hope you can helps me on this. I got quotation from panel lawyer on loan legal fees, but somehow after check with other buyers(same type of house, same residential), my quotation is higher by ard 2K.


Loan of RM 329,932

LEGAL FEES

Facility Agreement - RM2759.52
Charge -RM275.95
Consent to Charge - RM300
Entry & Withdrawal of Private Caveat - RM350
Statutory Declaration/Letter Undertaking - RM200
Service Tax 6% - RM233.13
TOTAL - RM4118.60

DISBURSEMENT

Stamp Duty on Facility Agreement - RM1680
Stamp DUty on Charge - RM40
Stamp Duty on Letter of Offer - RM20
Registration Fee on Charge - RM120
Registration Fee on Entry of Private Caveat - RM340
Registration Fee on Withdrawal of Private Caveat - RM80
Registration Fee on Consent to Charge - RM50
Apply Consent to Charge - RM50
Certified True Copy of Title - RM50
Affirmation Fees on SD & Stamping - RM50
Title Search Fees - RM180
Bankruptcy Search Fees - RM40
Purchase Loan Document from Bank - RM220
Printing Charges - RM150
Transportation Fees - RM300
Telephone, Fax, Postage & Miscellaneous Charges - RM50
TOTAL - RM3420

GRAND TOTAL 7538.60

ern43
post Jul 27 2011, 11:55 AM

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Hi Dariofoo,

Sorry if this was asked before. But I'm a bit confused on the 50% discount on the stamp duty.

Is it for S&P, Loan or for both?

The property is more than 350K, so I know I'm not eligible for the discount, but my loan is around 239K.
Got quotation from 2 lawyers, 1 said there is not 50% off for the loan stamp duty, so it was out of question. But another one said I'm eligible for that.

Can you verify this?

Thanks!
ern43
post Jul 27 2011, 01:45 PM

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Hmm...thanks for the link.
Sigh~ Thought for the loan part, is based on the loan amt, so I can save some money.Haha

Thanks dariofoo! smile.gif

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