Very very likely it will.

will it increase or decrease?

Lower.

It shall follow the same direction of OPR which in this case a decrease.

The last decrese caused the BR to increase so not sure about this recent decrease. Most probably wait and see.

thanks

thanks, understood the relationsship liao

yeah, hope BR reduced this time around

Dear,

Well high possibility that the rate will slides according to OPR direction, however bank has their autonomy to stay firm with their current rate in accordance with their business strategy for mortgage portfolio. Hence observe and hope for the best

Cheers

yeah, banks may not necessarily/strictly follow OPR's direction.

i've check with my CIMB loan officer, no news yet on BR movement.

The direction likely will be in line but the effect (eg reduction in BR) may not be immediate.

Bank using BR rate now, doesn't mean that OPR % decrease necessarily cause Bank to lower down their interest, they would like to earn a profit out of this, but if any other competition decides to be competitive then they might lower down the interest rate on special approval basis instead of mass market.

yeah, i foresee wait-and-see attitude by some banks.

Lol. Mind to share how many years back was the decrease and have the base rate implemented then?

Hi. Can I have a quotation of legal fees for landed property purchase of RM335000.

Thanks.

Sure

Please provide me some of the details of your property

Freehold or leasehold ?
Type of property ?
Location of the property ?
How many borrower ?
Master title or individual title ?
Loan amount ?

Dear,

In order for me to give you the whole amount and the separate billings, do provide below details:

1. Freehold or leasehold
2. master, strata, individual title
3. Conventional or islamic loan

CHeers

Hi, I have this scenario that need your professional advice.

Current spa ownership : A
Loan: A

If spa ownership wanna add in B, loan still keep to A, what is the cost like?

Thx

Freehold double storey terrace. 1st time loan. I'm looking for legal fees quote not loan. Thanks.

Dear


LOAN

Loan amount: 301500 Sub Total

Professional Charges
Facilities Agreement 2,560.50
Charge Annexure 201.5
Entry and Withdrawal of Private Caveat 350
Statutory Declaration 100
Professional Charge 3212
Disbursement
Stamp duty on the Facility Agreement (Original) 1507.5
Stamp duty on the Facility Agreement (Copies) 20
Stamp duty on the Charge Annexure 40
Stamp duty on Letter of Offer 20
Registration Fee on Charge 120
Registration Fee on Entry and Withdrawal of Private Caveat 450
Affirming Fee/Bankruptcy Search 100
Stamping on Statutory Declaration (Owner Occupation/not a bankrupt) 40
Land Search 120
Documentation Fee 318
Transportation 300
Telephone Calls, Facsmile, Printing charges and couriers and etc 300
Miscellaneous 50

GST 6% 231.72


Total 6829.22



SPA


SPA amount 335000 Sub Total
Professional Charges
Sales and purchase agreement 2,560.50
Entry and Withdrawal of Private Caveat 350
Statutory Declaration (P.U.(A) 361) 100
CKHT 2A 200
Professional Charge 3010.5
Disbursement
Stamp duty on the Memorandum of Transfer (subject to valuation) 1675
Stamp duty on the Sale and Purchase Agreement 40
Registration Fee on Transfer 400
Affirming Fee/Bankruptcy Search 100
Registration fee on entry and withdrawal of private caveat 450
Land Search 120
Transportation 300
Telephone Calls, Facsmile, Printing charges and couriers and etc 300
Miscellaneous 50

GST 6% 219.63
6665.13


Total 6829.22
Total 6665.13

Total Loan + SPA = RM 13,494

Have to refinance the loan and then add you into the spa

Need to pay the SPA and Loan agreement fees

Dear,

1. valuation fees
2. RPGT (as ownership changes)
3. legal loan
4. legal SPA (as ownership changes)

CHEERS