i spoke to developer last friday and they said that as far as they are concerned, we have to bear the cost as per SPA. whether we want to claim from bank thats up to us.
person i spoke to was not really helpful.
i then called maybank to ask, they said that i needed to get details of all payments made by bank to developer. i told them that bank should have it, they said i must bring my own (wtf?) and they said to speak with developers lawyers as they should have it.
so i called developers lawyer, but the lawyer that attended to me had resigned and the person that replaced her was not in.
damn leceh, i then called my lawyer friend and he adviced to take it up with the bank, and show them the letter because it is the banks fault. he said normally the banks will bear the cost and if bank wants to be funny, then need to take action.
anyone else facing similar prob?
Am still disputing on this with them and had my financier to investigate. Yes of cause the bank was late to disburse payment but that is due to the delay of notice from the developers solicitor - almost 2 months late. Without the letter from lawyer the bank won't release the payment hence the delay. In this case of cause the purchaser may argue but quite sure the blame would be towards the bank and purchaser.