I have bad experience with a banker plus the lawyer that she has engaged for us. I have bought a property for total sum 390K, and we have taken up the offer from UOB. The offer letter stated that the total fee for loan agreement was 7.3K (Finance to loan) which is extremely expensive for a (390K condo). I have told the banker that the fee is so expensive, but she have given the excuse this is estimate sum which normally they practice to topup to the loan, so that the purchaser would not have to fork out extra fee later.

Few days later, the lawyer firm (Firm A) has called up to arrange to sign the Loan Agreement. We went to their office and sign the agreement. Lastly we was presented with an invoice of total 7.3K, and they noted that this is the standard practice around the market which I was very upset as it’s contradict with what the banker explained.

I am so dissatisfied and have then tried to get a quote from another lawyer firm (Firm B); my heart was so pain that they only charge us for 5.8k for this loan agreement.

When comparing the charges, we noted that the Firm A has charge us for RM 500 for consultation and another RM300 for security document deposit. But indeed they did not consult us on anything plus I saw they took up the document from a book shelf. Not to mention they are charging us almost double on most of the itemize item.

LYF SIFU is the charges is a standard?

Can I complaint nor seek advice from the bar-council?
Any advice is appreciated. TQ! Cheers.

Thanks dariofoo for all the advice. I have attached the quote for your kind perusal.

But I have no choice to sign with them, as this is my third loan and I manage to apply before the 30:70 ruling. According to the banker if I want to change lawyer, they will cancel my loan and I need to reapply again, hence I need to fork out 30% deposit later. :'(
Besides that, if i change lawter definately it will delay the payment to the vendor which i might end up paying interest later.




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thanks dorio for the advice,

you are very helpful.

cheers.

soli soli my apologies