QUOTE(vincentSEH83 @ Jan 30 2015, 09:51 PM)
i thought we need settle remaining balance of 10% when signing s&p. SPS allow us to withdraw epf to pay downpayment?
Normally you need a copy of SPA (within 3 years from the date of application) and loan approval document for application of EPF withdrawal.
Normally for SPS product, you need to pay a booking fees, for SEH if not mistaken is RM 20k. You need to inform SEH that you would like to do the EPF withdrawal and provide a copy of your EPF statement that the amount is indeed enough to cover the deposit. After that, SEH on his discretion shall allow you to sign the SnP.
Due to circumstance purchaser need to apply for EPF withdrawal, normally SEH shall expedite their signing process and return the stamp copy to purchaser for EPF withdrawal application. Normally, the grace period is 30 days from the SnP date and purchaser would need to apply to EPF and get the money to pay SEH as the remaining down payment.
If the purchaser can't do it within 30 days, I think the booking fees normally will be forfeited either in part or whole..
This post has been edited by samkps: Jan 30 2015, 10:19 PM