Signed bank LO does not mean u already sign with developer. Except if u are new in buying property, there is a thing call loan agreement between owner & developer. Owner is u & the bank. Some development, the loan agreement draft by developer (as they paid for that fee) & pass to loan lawyer to go through and if alright then sign. Mind you, not all bank use developer lawyer as bank also know some may not follow or represent them properly. Bank always protect themselves 1st, so if they found the agreement not win-win (especially to bank), they'll reject the agreement.

This post has been edited by davwon: May 28 2016, 06:08 PM

As a person grown up in chow kit(since birth) and behind Sheraton hotel (move there since 18), may I suggest those who interested at this area to go walk from site to JSI lrt station around 9pm to 11pm, any day. Then tell me the different between here with Bangkok, London, Sydney, & Singapore.
Fyi, my parents house still behind Sheraton hotel area but my advice do caution if walk alone after 9pm.
Bon voyage.

This post has been edited by davwon: May 28 2016, 06:18 PM

Welcome to my country, Bolehland. Aka Anything-also-can-land.

Templete yes, but sometimes there also additional t&c for both parties or either party depending on the type of development & authority resrictions.

Most times bank(malaysia) will ask the developer which party prepare the draft, and normally developer lawyer will prepared one.

To lessen the burden of their side to draft the whole thing why not use the one prepared by developer as in the end become standard for all their panel banker?

So for this case, i assume the puchaser bank lawyer found something fishy in the provided draft/agreement then advice accordingly to the purchaser.

As for why purchaser banker cant us their own set of agreement, i can only guess..... the other side inssist on theirs?.....or becos of the other side is the bill's footer?

Just guess only.... 😊

Bon Vovage

LO means nothing without proper agreement concluded. If you been into property investment, you must understand what is LO & it normally have deadline to meet before the offer lapsed. So please don't assume everything safe and sound after sigmed LO.

P.S. Even with proper signed loan agreement, bank always have the rights to withdraw the loan facilities given. Bank always win. Period.

Yes you may. Wanna try before 9am & after 10pm?

Bon Vovage.