ote=tessei,Apr 19 2014, 11:19 AM]
from my exp, s&p done by buyer's lawyer, can be completed within a week time with condition both vendor and buyer sign the agreement plus deposit.. normally your lawyer will refer to current & previous owner s&p 1st.
Getting consent letter should be done by your lawyer for faster response and the vendor must help since only him know to whom he's selling to.... It's a way to inform developer that vendor intend to sell to this 1 person only... if got multiple request, developer will ignore the rest until the vendor itself inform with whom he's dealing with again.
** maybe u stuck in here and vendor forgot about this.
**previous potential buyer already sent letter to developer and get the letter of consent altho' the selling process didn't proceed and vendor didn't know about this. - if this one u must find that lawyer and ask them to inform developer to withdraw/cancel back previous letter of consent.
u must also push the agent to help u getting the letter of consent becoz agent want to lock their 3% commission from the vendor when u sign the s&p.
if getting letter of consent already > 6 month, i see more trouble ahead.
ie, with s&p sign + extension etc, u will get penalty for just waiting other document in the future.
try call yourself the said developer to get rough idea how long just to get the letter of consent. u also need to get photocopies of 'geran', CF, layout plan from developer for processing of loan / lawyer / EPF withdrawal..
make sure before sign s&p u can get all the required document, if not all 'lepas tangan'
don't sign the loan yet, if cancel later got penalty is not mistaken.
goodluck
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The problem is loan already approve and sign, valuation process already pass months ago, the problem is as u mention my lawyer didn't get require document such as consent letter, letter of transfer (from developer to owner@seller) to proceed with S & P, however the lawyer did mention I still can do the S & P but the process will be still pending because cannot proceed stamping, and more important EPF.