Hi,

We have planned to buy a house. We have already met the owners signed papers with lawyers. We took loan from bank and today the lawyer's office called and inform that the loan amount has entered the house owner's account.

However, today we got a call stating that my mother (we buying the house in her name) has to do a medical check. We called the lawyer and asked what to do; the lawyer said not to do it as they never received any information regarding it.

What do we do in this situation?

p/s: The one who called send the following message "To BDPC Kampar, (mother's name) insurance checkup under medicheck asia assistance." This message is then to be shown to the BDPC Kampar.

Thank you.

It's probably for MRTA - mortgage reducing term assurance.
The insurance company require her to do a medical checkup before they can hold cover.
The loan must be quite high and also due to your mother's age.

Hi,

I see.

The loan is taken in my father's name (will be payed by my father) but buying the house in my mother's name. The loan amount that we took is RM100K. Father's age is 56 and mother's is 55.

Do I proceed with the medical check-up or do I just call the bank I took the loan from for clarification? The lawyer said that the insurance company should and would have sent a letter requesting the medical checkup. We didn't receive any letter, only the call and text message.

As this is the first time buying house, we are quite confused. Appreciate any assistance.

Thank you.

Look at the letter of offer and see whether there is a condition to take up MRTA.
If there is no condition you can inform the bank that you don't want to take it up and hence not necessary to go for medical checkup.

If there is a condition then she has to go for a checkup otherwise the loan will not be released.

Banks getting very ks nowadays

Sometime insurance company just want it to be fast so call and text.. also cost cutting.

Follow up with the bank requirement for the check up.