actually you have two options:

1) ask developers for waivers. most of the friendly developer will quite lenient specially if this is the first drawdown.

2) just pay the late interest charge, i guess the amount is not too big vs your house purchase price. sometimes, it is just not worth the hassle of being taichi here and there.

Hi guys,

Wanna seek your advice/opinion about my case.

I made booking to new condo at end of Oct. then apply loan and sign letter offer in December also sign the loan agreement and S&P document with lawyer on 23 December 2018.

Then first progress billing letter issued was 28 Dec that request stage 2 payment need to be paid before 2 Feb 2019. so i keep calling and chasing lawyer firm and banker to fast fast executed my document before Feb..

8 Jan- Lawyer firm sent all documents to bank for execution.
18 Jan - Bank returned all documents to lawyer firm for stamping.
31- Lawyer firm finished stamping and sent letter of advice to bank for drawndown payment.
mid of Feb - developer saying that bank hasnt release payment. so i will be charge on late payment interest.

im so confusing with the progress.. what should i do now and how can i waive the interest as this is not my fault.. and seems lawyer firm and bank also wont admit is their fault too...

gone case, but like others said. go get the chronology of events from lawyers and banks, ask them about the delay at each end. and try nego with developer.

for the benefits of others, when buying a property, its on you (yes YOU! not developer, not lawyer, not banks) to make sure the bank releases the first payment on time. subsequent payment usually no issue as they have the record and everything is setup already.

YOU need to call developers if pending developers end, you need to call lawyers if you still waiting lawyers action, you need to call banks when everything is ready just wait them releases first payment.
that's the way it is. unfair but that's the reality. its like all those big corporations should have the manpower, process to do this and follow up, but no! you give them business, you still need to follow up yourself 

make a report to bar council..suspend their practicing license

make a report to all the banks which the lawyer is a panel..get them delisted

in short fuck up their rice bowl make them beg. or absorb the LPI. ensure its in writing

I wish I know about this sooner. Sigh now it seems like I am fighting a lost cause.

how much is the late payment? if its a rm100 or 200 like that, just pay it for less hassle, like others said as well.
thats what happened to my wife as well.

It’s 1k+. Damn crazy amount.

how come so much? its only a few days man.
if me, i will sure wreak havoc b4 i pay the amount.

gone case, but like others said. go get the chronology of events from lawyers and banks, ask them about the delay at each end. and try nego with developer.

for the benefits of others, when buying a property, its on you (yes YOU! not developer, not lawyer, not banks) to make sure the bank releases the first payment on time. subsequent payment usually no issue as they have the record and everything is setup already.

YOU need to call developers if pending developers end, you need to call lawyers if you still waiting lawyers action, you need to call banks when everything is ready just wait them releases first payment.
that's the way it is. unfair but that's the reality. its like all those big corporations should have the manpower, process to do this and follow up, but no! you give them business, you still need to follow up yourself 

get the chronology of event from your lawyer, if not your fault. u can write an appeal letter attach with chronology of event to your developer. if they found is bank/lawyer fault, they will charge them instead.

Let's reveal the bank name so we can stay away from it

and developer.

next time dont buy property from poor company lol

find good property agent that will alert you on this..your agent sure stupid too

1 owner RM1k

if medium density of around 200 units that's Rm200k yo!