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.

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

My 2cents is if lets say your down payment is RM30k have at least RM10k to RM15k for the other fees... basically buffer extra 30 to 50 percent of your downpayment sum for:-

the loan lawyers
the S&P lawyers (usually developer absorb the costs, but it depends)
land office/stamp duti
insurance (MRTA)
utility deposit (water and electricity)
fire insurance (because its a requirement in my loan agreement)
and for high rise sinking fund and whatever maintenance fees/deposit!

Its actually not hidden, most first time home owners never do their homework to find out in detail what's involved in procuring a property.

There are also yearly and monthly costs but its not significant like assessment and quit rent...

Preparation is key... for more housing info and advice visit National House Buyers Association (HBA)

This post has been edited by aaronpang: Apr 7 2007, 02:32 AM

That's the problem with bankers these days, their full of shit and not interested in helping customers... it's the same with lawyers too... all they care about is making easy money photostatting documents.

My advice is go check with your friends or others who have contacts with a good banker and lawyer... thankfully the lawyer (S&P) and banker (loan) are very efficient and know how to advice and guide me... my S&P lawyer esp. always kept me updated of what their doing and cc me a copy of all their outgoing mail etc.

Sadly I can't say the same for my other lawyers (loan), never hear anything from these people and I have to pursue them like a rabid dog. Heck they somehow managed to get the bank to send the disbursement check to the architect instead of the developer. Causing late charges to be incurred

I can intro you my banker but where do you live... its better if your banker is located nearby... to where you live

I live in Puchong and my loan is from OUB Puchong Branch just few minutes away from my house.

Anyway I'll PM you his info...