Hi Dario,

I am purchasing used 150K appt.. and i totaly newbie to on all purchase process between Vendor / Owner / S&P Lawyer / Bank Lawyer..

What shall i expect in S&P ? - and what shall i highlite to the lawyer that is purchaser rights..etc

Please do advice the whole process which may help me on purchasing the unit. thanks

thanks for the awesome guide.. i had provided relevant doco.. IC... to agent and agent told that he will submit the documents to lawyer and the S&P laywer will call me regarding this.... thanks bro

edited

This post has been edited by it.fusion: Jan 10 2012, 09:52 AM

the appt has master title... is master title transfer are included by default in the S&P agreement or is it something separate ?

yeap correct strata title.. in my case from owner to purchaser..

the owner already got the title already.. so during S&P between me and seller... is this title will be transfered to me by default ... or is it different process ?

Hi Dariofoo,

My current status of purchasing property from owner are on my S&P lawyer sent out redemption letter to seller's bank.. My loan lawyer stated pending for the letter to proceed further..

May i know how many days/weeks it is usually takes before seller bank reply with the redemption letter ? and from this stage onwards.. how long it does takes before the title are changed to me.. or how long will it take more to complete the overall task..approx. thanks

Thanks SiFu dariofoo ! This is great summarize of the steps involved that i am searching for...

Consent from land office are done by S&P or Loan Lawyer ?
I am in doubt that my S&P lawyer had did that since there is no chapter of this earlier...

this can be done also during land title name change ?


one more thing.... the agent told me earlier that the unit i am purchasing are never been rented out.. but i came to know that the unit are now stayed by vendor's fren from oversea till another 2 months.. Question is, once the land title are changed to me can i request the vendor fren to move out ? and if not, pay for rental from then on ?

thanks sifu

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Added on February 29, 2012, 2:17 pmConsent from land office are done by S&P or Loan Lawyer ?
I am in doubt that my S&P lawyer had did that since there is no chapter of this earlier...

this can be done also during land title name change ?


one more thing.... the agent told me earlier that the unit i am purchasing are never been rented out.. but i came to know that the unit are now stayed by vendor's fren from oversea till another 2 months.. Question is, once the land title are changed to me can i request the vendor fren to move out ? and if not, pay for rental from then on ?

thanks sifu

This post has been edited by it.fusion: Feb 29 2012, 02:17 PM

i guess my mistake on overlook for your reply on another forumer's question..

actually the unit i am purchasing are freehold.. i suppose that does not require any consent then...
cheers & thanks

hi dariofoo...

i am in mid of dilema for the appartment which i had signed & stampped SPA a month ago... the loan lawyer stated that the its ready to release the sum..
issue is that my SPA lawyer are telling me that the vendor /seller of the unit are having single loan with her bank for two properties... and told that the vendor will settle the outstanding sum with her own monies...

it had been 3-4 weeks since the SPA lawyer had requested redemption statement from bank and now she still telling that its not given by the bank yet and the vendor are waiting for the statement before paying it off...

will the vendor's bank take such a long time to issue the statment ? and its quite strange that a loan securities document can contain two properties amount of loan... in this case it seems my SPA lawyer are not helpfull to provide whats the status are... it seems like they are planning for stretching the time out...

i am not sure if this is a twist of story to keep the unit which is currently occupied by vendor friend (as claimed)...till a date that the owner wants..


what can i do on this situation ? just worried that i am played off on this ...

vendor is not represented.. its under my same SPA lawyer...
anything i can ask from my SPA lawyer to do ?
And is it really such thing as single loan can finance two properties ?

thanks and cheers

hi dariofoo..

i checked with S&P lawyer for the status.. and she had informed that she still waiting for owner/vendor's bank to release title and she already prepared MOT documents. just waiting for the title to do the process now... it is now 2 month plus after S&P stamping...

for my case, the vendor had settled by herself outstanding amount with the bank and redeem the title.

my question is, will the MOT process will take longer once the title are out ?
and first part of the MOT is to submit my name for the title name transfer in Land Dept rite ? s&p lawyer told me at land dept, it would take months before this is done.. i am kinda puzzled now...

and once the title transfered to me, and afterthat the bank will apply for their part in land dept ? then only the bank will release the money to vendor ?

kindly guide sir !

Yep, saw the post dariofoo, but that was i suppose bank to bank title redemption ? and it was now the vendor agree to pay by herself the outstanding balance amount to her bank.. it doesnt really make any difference.. isit ?

And i am blur on the 'periods' that may lock the overall process down...like in this case land office... does they really stretch their processing time ?
and as your below reply no.10 .... it seems only loan lawyer will process at land office, and not SPA lawyer ?

just curious to know..

appologies if this is a repeat


Basically the flow is like this:
1. The vendor's bank issues redemption STATEMENT;
2. Your loan lawyer prepares all the documents and advises your bank to release the redemption sum.
3. Your bank has to issue the cheque for the redemption sum.
4. Your SPA lawyer passes the cheque and the discharge of charge [DOC] to the vendor's bank.
5. Vendor's bank executes DOC and returns it with original title, etc.
6. Your SPA lawyer dates memorandum of transfer [MOT] and submits it for adjudication.
7. LHDN will issue notice of stamp duty to be paid upon MOT.
8. SPA lawyer pays stamp duty and gets MOT stamped. DOC is also stamped with nominal stamp duty.
9. SPA lawyer hands over registration fees, DOC, MOT and other original documents to loan lawyer.
10. Loan lawyer presents DOC, MOT and charge in favour of your bank at the land office.
11. With presentation receipt and other ori docs, your loan lawyer advises bank to release final drawdown.
12. Bank release cheque for final drawdown.
13. SPA lawyer hands it to vendor, and keys are exchanged together with apportionment of outgoings - end of transaction.

This post has been edited by it.fusion: Apr 18 2012, 05:05 PM

QUOTE(it.fusion @ Apr 18 2012, 04:55 PM)

And i am blur on the 'periods' that may lock the overall process down...like in this case land office... does they really stretch their processing time ?


What i mean was that lets say title had been released by vendor's bank and SPA lawyer pays MOT stamp duty already... then the land office process ( changing title name to me / bank ) would it take long or very long time ? and does the overall process only considered complete once the title had been changed at land office ? or just by MOT stamping ?

thanks for the valuable info dariofoo... cheers

dariofoo... its going to be 3 months since SPA had been signed... but till now my SPA lawyer are just telling that title are still pending from vendor's bank.. one more month and it would be 4th month...i already ask lawyer to push/chase the bank.. but till now no news....what will happen if the bank failed to deliver the title then? my bank are ready to pay.. but title still with vendor's bank...

how long the date can be extended ? 1 month ? 3 month or 6 month ?
since the SPA lawyer just keep silence on this.. i call her up every week and she saying the same thing.. pending bank.. i ask her to chase.. she said already..
just wondering if i got the wrong SPA lawyer for my first house purchase

its actually pending vendor bank to release the title, vendor informed that she already settle the outstanding, but SPA lawyer keep telling that the vendor bank still not yet release the title....

hi dariofoo,

i am currently in stage of my bank release BPP to the vendor...
may i know what documents, etc i will receive once this is done / once the handover are over ?

i had been given duplicate of SPA when signed agreement 3 months ago.. and thats the only document i have it in hand in regards of this purchase..

I had asked the SPA lawyer about this, but she are reluctant to answer on this. kindly advice.. thanks

This post has been edited by it.fusion: May 31 2012, 12:36 PM

the property are freehold with title, the original title are currently handed over to my bank lawyer.
bank loan are conventional..

it has been quite hard for me to get info from the SPA lawyer since the first day....
the bank loan lawyer are much better and informal..

Thanks Dariofoo !

one more question are.. according to SPA lawyer, name transfer on the title at land office would take more than 4 months and this is handled by loan lawyer.
does this mean that i would not have visibility of the title till it is fully processed by land office ?

cheers