Most probably the staff handling all of these applications are on long holidays.

It's RM30k or 10% (based on the SPA price), whichever is lower. So if it's RM320k, then you'd be getting RM30k. I bought a RM400k one, and I got RM30k.

I submitted my application in May 2016. And signed S&P in June 2016 and loan agreement in August 2016. Only received the "Berjaya" notification in late August 2016 and submitted all the final documents in October 2016. Received money in late November 2016.

As far as I know, it shouldn't be a problem if you signed S&P earlier. Just make sure it's not even before you first apply for this scheme (in my case, applied May, signed S&P after that in June). Hope this helps.

Yes you are right. Loan offer letter and not the loan agreement documents.

In my case I had also signed the S&P before getting the surat tawaran. I didn't ammend the S&P to include the moratorium (cannot sell/rent the house within 10 years).

For me, I emailed all of the documents to my lawyer, and she prepared the necessary documents. I had to pay RM300 for that. Pesuruhjaya sumpah if I'm not mistaken is around RM10/document.

But then again, it's all worth it. RM400 is peanut compared to what you might be getting.

I heard some cases where people submitted via poslaju. But then again, there's a risk of the documents might not be delivered to the right people. So my advise is the best to submit by hand. And try to ask for some proof of receipt in case they "misplace" your documents.

Sorry to correct. Actually lawyer only handled borang E and G, together with the preparing of the account statement which needs to be verified by the lawyer too. Apart from that I think mostly you have to fill it in yourself.

Like my case, lawyer contacted me when the money was banked in to them. My lawyer just charged RM300 to prepare the surat lampiran G and the verified bank statement and I got all of the RM30k. My lawyer only transfered all of the RM30k once the bank fully disbursed the loan money to the seller. Should be no issue. The lawyer won't and shouldn't take a single sen from that RM30k as it is yours. And I think it is unlikely that lawyer will songlap the money or take a portion out of it since they could be sued and possibly be out of business if they did that.

That aside, I think the more problematic one should be money giving to house developer. Some of the people here said the developer even hold the money for months.

That one no problem. Just bring it over to the nearest pesuruhjaya sumpah and the office there will guide you/ask you to fill in what's necessary. Better to leave it empty if you are not sure and get it settled at the pesuruhjaya sumpah office. Hope this helps.

Technically speaking you cannot proceed because you would need to submit your stamped S&P, which in your case, you cannot get financing from the bank. If you postpone, I think your allocation would be given to someone else, and you have to que for the next batch like anyone else. Better get you PTPTN outstanding sorted out first. Some banks are offering a loan to settle your PTPTN so it can clean up your CCRIS score. My advice, try to sort that one out first before anything.

Yes, MyDeposit opens to either first hand (new launch) or second hand (subsale) houses.

The main thing that you have to bear in mind, in the worst case scenario, you must be willing to buy the property with your own pocket money, i.e. not getting the RM30k.

If you have that sorted out, then start researching for subsale units, because the process might take a while. You need to view the units, contact several agents, comparing differnt sellers, etc.

In the meanwhile, you can check your CCRIS and make sure it won't cause any problem when you wanna apply for loans. Clear any outstanding debt if you have any.

Once MyDeposit is out, you would need to have a "Letter of offer to sell", which you would be getting from the seller/agent, when you decided to buy the unit and paid an "earnest fee"/"booking fee", usually 3% of the agreed house price.

Then, together with the CCRIS, "Letter of offer to sell", you IC, income statement, etc, submit all of those documents.

After that, you can proceed buying the house, i.e. paying the other 7% (so in total you would have paid 10%), applying for bank loan, signing snp etc.

If you are lucky, then after 2-3 months, you would be getting a successful application, then you can proceed submitting the rest of the required documents, S&P, loan offer letter, etc.

If there's no problem, you would be getting the money 2-3 months afterwards.

Hope this helps

I'm not sure about signing S&P before applying MyDeposit. The ones that I've heard of, only signed it after applying.

For example, last year MyDeposit was launched in April 2016. From what I've gathered, those who signed S&P before April 2016 could not apply for MyDeposit.

So I'm assuming in your case, you've recently signed the S&P while MyDeposit has not been opened yet for 2017. You may try your luck, I'm not so sure about that. All the best.

1) Letter of offer to sell a.k.a booking fee. Basically just a set of documents saying that you are partially committed to buy the said property, in which you don't, the 3% will not be returned. You should be getting it after paying the 3%. It could be delayed if the seller is not around, because it requires signatures of agent, buyer and seller.

2) I've heard about cases got rejected because signing the S&P before MyDeposit opened up. Not so sure about the booking fee. But I think, you should might as well wait for it to be opened up again right? Unless you are really desperate to get the unit.

3) In my case, and possibly many others, I signed the S&P before getting the successful application. Which means at the time of signing, I also ready gave up hope. So I didn't put any moratorium in my S&P. After being notified, I called the staff and was told that I was not eligible because I had signed the S&P. But thanks to the people here, I submitted anyway, and turned out it was not a problem. Apparently, the KPKT side will work with Pejabat Harta (if I'm not mistaken), to put that moratorium (sekatan) in your grant. So all should be okay.

Hope this helps. Wish you all the best.

Yeah I mean if you can work it out with your seller, then its alright

I'm not sure. As for my case, I've had 2 lawyers. 1 is for the S&P lawyer and another 1 is for the bank loan lawyer. I think money would be on your S&P lawyer.

I think it might take a while. Based on my experience, I submitted all of the documents. Only got my hands on the money in November. So roughly it took about 3 months in my case.

Zharfan?

It makes more sense to 'bekukan' the fund and reallocate it to somewhere else. Better if can target more people, since election is coming up