hi dariofoo bro..

I hav some question need ur advice.
Currently my father own a house at puchong,fully settle with his EPF 5 yrs back.individual title,leasehold,under my father n mother name. Now I wan to "purchase" from them and get a house loan from bank,bank loan and snp will be joint name me n my wife.As I know legal fee for loan side we need to pay for watever fee n stamp duty.The question is,

1. for Snp,is it so call transfer between parent child,and I can get 50% discount on stampduty?but I wan the snp is me n wife name.
2. Legal fee on loan agreement cost me RM7k+,loan at 342k,purchase price 380k,is it usual or is high? snp legal fee cost me 11k+ before deduct the 50% stamp duty,is it worth?
3. how long it would take for the whole process until my parents get the money from bank,let say i sign the LO on 1st dec 2010..as mentioned,the house was fully paid by my parents.
4. Are u working in lawyer firm? do u attach with hsbc?I m taking loan from hsbc.

thanks so much..

thanks dariofoo, to confirm on the situation, for my case there is 2 occation,

1. execute MOT,my parents will transfer the ownership of the house 100% to me n my wife,then for my parts I entitle to hav 50% rebate on stamp duty,while my wife need to pay full stamp duty,m I rite? no SPA require thus more cheaper on legal fees?
Later on I deal with bank loan as refinancing to get fund,m I rite?

or

2. treat this transaction is a subsales,I paid for SPA and MOT,I also can get rebate on stampduty,and then get a loan from bank.

compare the 2 option,can I say the 1st is more cheaper?couz no SPA require.
pls advice...tqtq

hi all, I just obtained SPA and loan agreement legal fee quotation,the price was reasonable as I did compare with few firm(I admit I m those calculative person),cause to save as much as I can.

purchase price 410k, 90%+5% moving cost,so total loan is 381k.
Loan legal fee total after discount 5.8k, SPA total after rebate 50% on stamp duty and 30% on professional charges, amount RM8228. For the stamp duty 3.6k it will refund later.

Plan to pay by cc,asked n got to know tat there is 2% charged. so paying RM11833 charged rm237.

thanks Dario n others for all the guide n info..

xsean, couz is transfer from parent to child, as a gift..so I got rebate 50%.