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 MyDeposit - Thoughts?, Home Deposit scheme

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Kilohertz
post Apr 19 2016, 01:23 PM

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Hows the scheme on going? Are they still taking new applicants? Seems it's abit difficult to wait for 2 months, I'll think a lot of developers would not care bout this .
gerrardho
post Apr 19 2016, 02:41 PM

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QUOTE(Kilohertz @ Apr 19 2016, 01:23 PM)
Hows the scheme on going? Are they still taking new applicants? Seems it's abit difficult to wait for 2 months, I'll think a lot of developers would not care bout this .
*
Applied for mydeposit on Monday (11th April), status changed to "Dalam Process" yesterday(18th April). And today it went missing/no record found (19th April)😡

Means my application is rejected? Anyone having the same issue?

This post has been edited by gerrardho: Apr 19 2016, 02:49 PM


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SUSjolokia
post Apr 19 2016, 09:07 PM

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QUOTE(Bussybody @ Apr 18 2016, 11:52 AM)
I dont have enough 3% to pay for booking and how can i get Salinan surat tawaran /pengesahan daripada pemaju/penjual?

The subsale property is 350K and once i pay the 3% and if i failed to get mydeposit and couldn't proceed to pay the remaining 7%, won't i lose the booking 3%?
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Don't have 3% booking how to book ? .. lol

Failed to get My Deposit = You pay the 7% or your 3% gg.com

Simple as that..

If you really can't even come out with 10.5K then better don't buy, as there is still Loan Agreement legal fees & stamp duty.


xtreme~~
post Apr 19 2016, 10:47 PM

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hi guys, a question in this:
Salinan surat tawaran /pengesahan daripada pemaju/penjual

under what condition will the seller/developer/agent will provide us with this? after paying a certain amount of booking fee? or will be provided upon request? what is the document's name in english? sweat.gif
ccoolkai
post Apr 20 2016, 04:07 AM

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QUOTE(gerrardho @ Apr 19 2016, 02:41 PM)
Applied for mydeposit on Monday (11th April), status changed to "Dalam Process" yesterday(18th April). And today it went missing/no record found (19th April)😡

Means my application is rejected? Anyone having the same issue?
*
Mine one same. Missing.

physz.86
post Apr 20 2016, 07:23 AM

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QUOTE(gerrardho @ Apr 19 2016, 02:41 PM)
Applied for mydeposit on Monday (11th April), status changed to "Dalam Process" yesterday(18th April). And today it went missing/no record found (19th April)😡

Means my application is rejected? Anyone having the same issue?
*
Dont panic. Try logout & login few times.
The web is not stable. Last week when i checked my acc, it showed other person account & i can view all her details.
Really not secure if other person misuse our personal things.
Kilohertz
post Apr 20 2016, 08:09 AM

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QUOTE(physz.86 @ Apr 20 2016, 07:23 AM)
Dont panic. Try logout & login few times.
The web is not stable. Last week when i checked my acc, it showed other person account & i can view all her details.
Really not secure if other person misuse our personal things.
*
That sounds dodgy but not surprising! looks like another govt system built last minute for this.
IvanWong1989
post Apr 20 2016, 09:32 AM

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lol.

This scheme only for willing seller willing buyer.

If seller duwan wait, which most probably won't since it takes forever to wait for result,a and also forever to claim back money, u can't do a thing.

Basically,

the whole process in simple point form is.

1. Find house. Check whether loan eligible for the amount or not.
2. Pay booking fee and get booking form stating all the particulars.
3. Wait looooong time like 1 months 2 months?
4. Got surat tawaran MyDeposit.
5. Go apply Loan from bank.
6. Got loan offer.
7. Engage seller ready SPA with addional clause cannot sell 10 years and etc.
8. Buyer sign SPA and Loan Agreement.
9. Engage buyer to submit claims for the 10% from Gov.
10. Duno wait how longggggggggggggggg......

*Note: Buyer can say, you pay the 10% first. After he claim from Gov, he give back u. LOLLLLLL since wait so long....
N1ck
post Apr 20 2016, 09:34 AM

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It has been almost 2 weeks. Still no response. I am in urgent need of the property. Developer also chasing me.

How the hell does this work normally? Normally after paying deposit you have only 14 days to sign SPA. Some developer can close one eye but this is taking too long.

I want to cancel my application also dont know how as I do not intend to stay in my firat property for 10 years. Heck most people move out of their first property quite fast.

Question is can I rent? The purpose is for own stay but not qhen I get a better place later on.


WannaGetBuffed
post Apr 20 2016, 09:43 AM

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QUOTE(N1ck @ Apr 20 2016, 09:34 AM)
It has been almost 2 weeks. Still no response. I am in urgent need of the property. Developer also chasing me.

How the hell does this work normally? Normally after paying deposit you have only 14 days to sign SPA. Some developer can close one eye but this is taking too long.

I want to cancel my application also dont know how as I do not intend to stay in my firat property for 10 years. Heck most people move out of their first property quite fast.

Question is can I rent? The purpose is for own stay but not qhen I get a better place later on.
*
I'm having the same issue here too. Lawyer already asking to sign the SPA asap but they still "DALAM PROSES". If this scheme is taking 2 months to process which owner in their sound mind would want to sell to those looking for mydeposit applicants?

The application has been submitted since the opening no news also. call the numbers all unanswered. well done user posted image

TSragzs
post Apr 20 2016, 09:53 AM

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QUOTE(WannaGetBuffed @ Apr 20 2016, 09:43 AM)
I'm having the same issue here too. Lawyer already asking to sign the SPA asap but they still "DALAM PROSES". If this scheme is taking 2 months to process which owner in their sound mind would want to sell to those looking for mydeposit applicants?

The application has been submitted since the opening no news also. call the numbers all unanswered. well done  user posted image
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I guess this is what we get from a poorly thought out scheme
WannaGetBuffed
post Apr 20 2016, 09:57 AM

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QUOTE(Jesscey @ Apr 14 2016, 03:02 PM)
You placed rm2K as deposit and asked to sign the SPA. In the event you failed to obtain loan from bank and the SPA stamped already, will the developer refund the deposit to you if you managed to get the bank rejection letter to them?

You can go to apply the MyDeposit while waiting for the loan approval.  The stamped SPA and stamped bank offer letter will need to be submitted when claim the 30k.
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so for MyHome that you have successfully got the 30k, did u do it this way?

then for those who bought subsale that applied for MyDeposit, if this way is able to go then don't need to wait 2 months.



N1ck
post Apr 20 2016, 10:13 AM

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QUOTE(WannaGetBuffed @ Apr 20 2016, 09:43 AM)
I'm having the same issue here too. Lawyer already asking to sign the SPA asap but they still "DALAM PROSES". If this scheme is taking 2 months to process which owner in their sound mind would want to sell to those looking for mydeposit applicants?

The application has been submitted since the opening no news also. call the numbers all unanswered. well done  user posted image
*
I have been trying to call since day 1. Never got through. This morning deaperate so have been calling all numbers for the past 1 hour.

I got no choice. Gotta sign SPA this week already. No probably need to cancel application.
physz.86
post Apr 20 2016, 10:25 AM

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If our loan application approved by bank, how long the validity?
Can we wait 1,2 months for this scheme before sign the loan agreement?
IvanWong1989
post Apr 20 2016, 11:18 AM

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QUOTE(WannaGetBuffed @ Apr 20 2016, 09:57 AM)
so for MyHome that you have successfully got the 30k, did u do it this way?

then for those who bought subsale that applied for MyDeposit, if this way is able to go then don't need to wait 2 months.
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Sign liau SPA..... then Loan tarak = Penalty Penalty Penalty.

Sign liau SPA..... got loan.... but mydeposit cannot get = you pay the sum sendiri.



Actually is safer to get loan first, then only sign spa.



QUOTE(physz.86 @ Apr 20 2016, 10:25 AM)
If our loan application approved by bank, how long the validity?
Can we wait 1,2 months for this scheme before sign the loan agreement?
*
My loan offer lasts half a year. rclxms.gif
physz.86
post Apr 20 2016, 02:33 PM

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QUOTE(IvanWong1989 @ Apr 20 2016, 11:18 AM)
Sign liau SPA..... then Loan tarak = Penalty Penalty Penalty.

Sign liau SPA..... got loan.... but mydeposit cannot get = you pay the sum sendiri.
Actually is safer to get loan first, then only sign spa.
My loan offer lasts half a year. rclxms.gif
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Woow.. So long. Which bank was that?
jinsailoo
post Apr 20 2016, 02:42 PM

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QUOTE(physz.86 @ Apr 20 2016, 10:25 AM)
If our loan application approved by bank, how long the validity?
Can we wait 1,2 months for this scheme before sign the loan agreement?
*
normally 6 -12 month
jinsailoo
post Apr 20 2016, 02:42 PM

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QUOTE(N1ck @ Apr 20 2016, 09:34 AM)
It has been almost 2 weeks. Still no response. I am in urgent need of the property. Developer also chasing me.

How the hell does this work normally? Normally after paying deposit you have only 14 days to sign SPA. Some developer can close one eye but this is taking too long.

I want to cancel my application also dont know how as I do not intend to stay in my firat property for 10 years. Heck most people move out of their first property quite fast.

Question is can I rent? The purpose is for own stay but not qhen I get a better place later on.
*
say bye bye to your my deposit,

coz it take 1-2 month to proceed
shdin271
post Apr 20 2016, 04:01 PM

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for how long this scheme open?
jinsailoo
post Apr 20 2016, 04:29 PM

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QUOTE(shdin271 @ Apr 20 2016, 04:01 PM)
for how long this scheme open?
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until 30/6/2016

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