Hi guys,

want to ask does it really have to be that expensive i thought rm2k+- can settle liau, the lawyer fee price is from CIMB. Anybody got loan from that bank??

Why so expensive

*sigh*

another 3k+- poorer liau...

how much loan u getting?

Legal fees are based on a scale determined by the bar council. Members are not supposed to give any discounts.

getting about 150k++ of loan

really??but 3k+- is really expensive is it a standard price, when i ask whether it's negotiable or not the bank fella like don't want to tell i think they want to jack up the price so they can earn also

damn biatch

*sigh*

Ask your lawyer for discount... not the banker... my loan agreement fees was nearly RM6k but I got 20 percent discount just ask them its perfectly normal.

waahhh lau...so expensive 1 arr, how much wor the house you beli 6K is freaking alot ler, the money can use for renovation liau

now i know why the lawyer is freaking rich

some banks offer package which has free lawyer fees. Scout around

Always get your own lawyer. Bank's lawyers usually don't service you that well cuz Bank is bigger customer to them.

I was unlucky enough to get an incompetent one who didn't file at the proper time, delayed the deal by 3 months (costing me 3 months of added costs) and f-ed up my life for a few months. Cost me much less then your fee for similar loan amount.

BTW, there is a law on how much the lawyer can charge you. first 100K got percent, then next 100K got another percent figure. Cannot change one, so better ask if the sodding lawyer is charging you 500 for phones calls and photostats. Maybe includes other fees such as caveat.

I think it's 3% of the loan amount... if i'm not mistaken lar..

Discount is not allowed... but somehow, i heard, some of the lawyer will do this way... u pay first, then later they will give u back the discounted $$$...

but because CIMB loan interest is very attractive ler..it's only 5.65% ler that's why i take that bank don't know still can change to other bank or not ler..the loan not yet approve lar..hmm what if approve liau, how ler??can cancel or not arr

1st time buying house ler...no experience haii~~

*sigh*

Perhaps it is because you go for the special rates that is why you have to go for higher lawyer fee. Wait till they send the evaluators around and charge you another few hundred bucks.

Aiya... everybody kena con wan lah when buying house or car. So many costs they force on you and you have no choice but to pay. You complain no action will be taken, you go court waste more time and money.

Just read your post again. I think you got penalty once the offer letter out and you don't take the offer. Very snake one... go read your offer letter properly. If you want to change lawyers, I can recommend the one I used. Quite fair lah the pricing.

so many snake around , how much arrr your lawyer will charge??can ask for me boh can i take the loan but bring in my own lawyer arr well hope i still can walk out the bank if i do so hehehe

My loan amount was similar to yours. I paid slightly less than 2K. About 1800 like that I think. Inclusive of a few hundred extra for caveat and some document running, fax and telephone calls.

But first, you have to check with your bank if you can use your own lawyer. I'm sure you can because it is unfair of the bank to insist that you use their lawyer as it does not look out for your rights. I think you can report that to the bar council if it happens.

Then your lawyer will contact the bank's lawyer and they will handle the things between them. You pay your lawyer, bank pays their own lawyer unless your offer letter says otherwise. Then you might have to pay both lawyers. Lagi worse. Again, check har before you sign anything.

Is yours a new or second-hand property?Get the previous S&P if you can. Get any land or strata titles too if you can. Get all the bills - water, letrik, bandaraya, see-hang charges too (Indah Water lah). Get all receipts of downpayment, bank offer letter, etc, etc ready. If you want to take EPF money better start checking procedure too.

Conclusion: First find out if you can appoint your own lawyer before you ask me to spend time and money calling my lawyer. I mean, lets be fair lah, I oso very busy.

Once confirm OK, PM me your full name and phone number and I will arrange for my lawyer to call you right back. You will have to go to both lawyers to sign some documents, but other than that everything else can be handled by despatch (you'll be charged in some instances)

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Added on March 26, 2007, 7:42 pmActually ah... 3K is an OK price if you have to bear the lawyer cost for the bank as well. Best is to go for the package with no lawyer fee, but have to pay a bit higher interest.

If your package hv to pay lawyer, then you appoint another lawyer.. end up paying two sets of lawyers very mahal one.

This post has been edited by the65thsquare: Mar 26 2007, 07:42 PM

Actually forgot to ask you for details.
Your current lawyer is for S&P or Loan agreement?
Your house is 2nd hand or new (purchase frm developer)?

RM300K... but they gave discount after that...


Actually before fully engaging the lawyer you should ask for a detailed quote specifying the services they offer/going to do and how much is each of the itemised items.

Also my lawyers also got screw up and cause me to incur late charges by the developer... I wrote them a letter complaining they failed to discharge their fiduciary duties and are liable for the cost of late charges...

made them pay for it, why should I fork over the money when its their fault

This post has been edited by aaronpang: Mar 27 2007, 12:22 PM

At least you have the patience to pursue the matter. I so fedup I just didn't bother to waste time chasing or writing complaints. Already stressed enough from all that crap.

Lawyers like small kids like that. Have to look over their shoulder, call them all the time and remind them what needs to be done... I oso wonder why we are paying them anything at all in the first place.

IMO it should be about right for the loan amount. This kind of thing better not ask for discount too much, that little 200-300 difference might become a hassle later.

sorry for the late reply was busy with the housing thingy buying a house can be in such a pain

1. the lawyer fee is for the loan agreement the S&P no need to pay the fee

2. the house is new, still in development, will complete end of this year, the developer is vilamas sdn. bhd the project is call villa pavillion

sorry for the late reply also, yeah i'll give the banker a call to see if i'm allow to do so, else then no choice lar rm3k also have to pay lar..who ask me want to buy house

A lot of people though that buying a house is just it. There are always a lot of other fees that you need to cater. Not like got 10k then use all for down payment. A lot of those hidden fees like lawyer fees, stamping duties, MRTA and so on does need to be catered. Then, once you get the house, you have to set some money for renovation, furniture and fittings. Really a lot of $$$ involves. So, better plan you budget nicely.

This post has been edited by abubin: Apr 3 2007, 03:35 PM

budget all plan nicely liau, only thing there is alot of thing that really need to have experience else you will be a headless chicken running around don't know what to do 1st

again, thanks alot for the explanation and opinion appreciate it