according to this site...

HouzKEY is NOT for you if…
1. You want to rent short-term and you only want to rent
2. You own two or more home financing

HouzKEY is THE KEY to homeownership if…
1. You don’t have enough savings for upfront costs
2. You have enough for the upfront costs but want to decrease cash outflow
3. You need guarantors to support your application
4. You are not looking to rent long-term
5. You want to lock in property price and hedge against inflation

Here are your options with HouzKEY:
Option 1: Migrate to mortgage any time after 12 months of renting
Option 2: Cash out any time after 12 months of rental
Option 3: Continue paying rental with 2% step up per annum after 5 years
Option 4: Walk away after 5 years without any obligation

more details...
https://www.imoney.my/articles/maybank-houzkey

PRODUCT DISCLOSURE SHEET
Read this Product Disclosure Sheet before you decide to take the Maybank Islamic HouzKEY. Be sure to also read the general terms and conditions in the Lease Agreement.
Seek clarification from your institution if you do not understand any part of this document or the general terms.
https://sdpcorpsecurestore1.blob.core.windo...mscondition.pdf


This post has been edited by MUM: May 16 2021, 03:15 PM