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...

U need to bear the interest ...all lawyer are taichi master ..

no way. its not my fault.. !!!

developer deadline too short. one month not enough. especially with all the holidays.
don't blame the lawyer. work with the lawyer to go after either bank or developer.
best get waiver, most likely easier.

lawyer taking 15 days just to stamp.. LEL

anyway.. you need to pay laa..
and then sue your lawyer to recover the cost..

but the lawyer is developer side..i didnt pay any $ lawyer fees..

but the lawyer is developer side..i didnt pay any $ lawyer fees..

usually stamp these loan document need how many days?

well, then gone case.
but you can try deal with them nicely.
definitely don't expect bank to pay.

you using developer lawyer, habis la

how you know lawyer not acting for developer benefit first?

This post has been edited by ycs: Feb 11 2019, 11:58 AM

this is a major concern with free spa stuff (which is not free actually as the cost has been added on to property price)
gomen should ban this practice.

last time when i am using my own lawyer for properti purchase, those lawyer are the one demanded from the seller for extension as bank didnt managed to disburse money within 3 months.

This post has been edited by zerorating: Feb 11 2019, 11:59 AM

Write letter to bank to compliant. If not mistaken the lawyer is the bank panel firm. The lawyer will freak out if the bank black list them.

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

Report police, show them the report. Done

this one mmg susah

aaahhhh

This
Ask BNM for advise
Gip them all those materials/evidence

I had a similar case, delay was at the lawyer's end and they can come out with 1000000000 excuses why they are not liable. So negotiated with the developer and pay some part of the interest.

The hassle of suing the lawyer to ask them for negligible sum, forget about that. Lesson learn, for next property, chase the lawyer everyday and escalate to the BAR council of things are not moving.

you are wrong.
all taichi masters learn from lawyers

you have black and white with your follow up? If yes report to the bar council

15 days to stamp is quite normal, depends on lhdn because lhdn need to assess the amount.

Request from lawyer for chronology report, said u need to submit to bank to void interest from bank. It will have time frame when u sign the agreement with lawyer till doc release.

Lol, now you know why it's free

bank ahhhh salah slowpoke

Lawyer is bank panel one usually

U straight shoot a letter to bank negara cc your bank

They will whack the panel lawyer for you.

if the amount is huge, can engage other lawyer to fight back
https://www.freemalaysiatoday.com/category/...ty-court-rules/

This post has been edited by mroys@lyn: Feb 11 2019, 12:42 PM

Have you already received the key to the property? I saw you mentioned drawdown payment, usually during this stage any transactions is between your bank and developer. If developer never receive drawdown payment then they need to contact the bank not the buyer.

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

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.

but the interest is charged from developer to me coz my bank didnt make payment to developer on time..

but the interest is charged from developer to me coz my bank didnt make payment to developer on time..

yes. i just signed off the S&P last 2 months and the condo is under construction yet. next year only can get the key. i called the developer and they said they didnt received the first payment from bank. if past due then purchaser will need to bear for the late payment interest which is 10% of first billing.. few thousands ringgit..

it's first payment from bank to developer

you experienced this problem too? how you settled it at the end? property still have to pay ?

macam my brother punya case

bank lambat release fund, so owner kena bear the late payment interest
really stupid.

it was bank harimau kuning.

I am in the same predicament as well. Calling the developer first thing tomorrow morning to settle this. Wish me luck.

developer dy sent you the letter informing to charge u late payment interest?

Yes they call it interest notice.

Write to developer to waive the penalty. State the chronology. Developer might waive the penalty

You sort of agreed to the timeline in the S&P?.... aiks reply to wrong post, but yeah since you agreed to the timeline, you bear all the delays that resulted in the late payment

This post has been edited by duHwaN: Feb 11 2019, 04:39 PM

when i bought my property, the lawyer is from developer, and clearly tell us, they are from developer side. and they will act on behalf of developer. if i'm uncomfortable with it, i can get my own lawyers.
he mentioned this in a polite way

THIS.

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

This post has been edited by cempedaklife: Feb 11 2019, 04:45 PM

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

On what grounds? Looking after their client's interest?

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.

Not sure how did they come up with this amount. In the interest notice that they sent they specify some period with 10% interest.

Sigh what a way to start the year.

Wah. The developer also so strict just demand demand from customer like that? Wait till your house complete and komplen anything that is not done in order during the handover (including bad workmanship).

My sis having same problem.

But not with bank but with gov loan.

Main problem is lawyer slowpoke, noob, new in this and still blame us.

We end up went putrajaya and ask for advise.
The people there ask us to be patient and will deal with the dev. They said if lawyers late give noticed they will not imburse money. Thus, for sure lawyer problem. That lawyer still want taichi.

We taixhi with him back. Follow him marry go round untill he went haywire.

Ultimately still waiting for result from putrajaya.

Knn that lawyer wait eat that up or dev eat up.

next time dont buy property from poor company lol

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

This post has been edited by Acherleon: Feb 11 2019, 05:01 PM

No. It's fully depend on lawyer and dev.

If the lawyers are experienced enough in this. No problem will occur. So far dealing with WCT and SP Setia really smooth sailing.

Those cikai cikai dev.... Becaeful

We initially wish to deal with one of the close friend since he is working so long with this type of purchase thing. But dev don't give. We asked for it. They die die want to use tier lawyer.

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.

Cannot. You won't make it as this is dev lawyer.

Very jialat. Really. Experience once. Enough Liao.

Bp shoot up till ceiling.

normally developer will waive, they know for sure it will delay on the first drawdown of loan because of the hefty process

2nd/3rd time normally they won't waive because more or less is in order already

imagine if the lawyer 'accidentally' make all buyers kena interest charges

and developer.

THis i would advise do it in PM

fama bought house from Aset Kayamas

cash buyer ohhhhh..
the perks is, they do their job faster for cash buyer
and also persistent when it come to payment

one issue i had with them
late payment fees

not our fault some more, they reject our cheque, then return it back 1 week before due, then we submit a new cheque, they receive after due date
since the payment consist of 3 phase, 3 late payment fees total about RM800

Easy money la. How la. Really don’t want to pay the 1k. Hope developer will waive.

split 50/50, free spa fees kawtim

Developer request lawyer to ding dong here and there. Now you see their game.

Reason with them....else just go to consumer board office and file complaint....

Can I do that?

im lucky then, they're dev assigned lawyer since free stamping duty and legal fees.

got charged late interest payment on my first phase, i call and ask dev they tell me to get the chronology of event from lawyer. clearly the fault is not at me since i got follow up closely whenever i received the letter for each payment. one week later, dev issue the clearance letter and inform me regarding the waiver of the late interest payment.

what bank so lousy

Welcome to Malaysia

developer purposely wait for water fish like you whereby the property already in billing stage then you go and sign SPA and loan docs.

can we report this kind of case to consumer association?

harimau kuning is famous for late payment, if u got bank loan better avoid this bank.

Surprisingly when come to speed of disbursement, Ambank and UOB bank is the fastest among all.

Hahaha which sohai developer so calculative lol

Last time I late more than 20 days also dindnt kena charge one single cent.

I oso late lh couple of month like that...lucky my developer not so strict one...manage to reason with them...no late payment interest charge

Mine is a small boutique developer not gonna reveal their name now

email all your chronology with screenshot, conversation log to

council@malaysianbar.org.my + file a report on BNM

You must record down all ur conversation (email la, whatsapp chat lar etc) when dealing with lawyer and banker else u kena their taichi 18 palm..gao gao

Is it only you or other purchasers oso kena LPI?

If others oso kena LPI, suggest you to gather other purchasers to go to the developer office and demand for waiver. You need to get the crono of events from the bank as well.

Follow up with the manager in charge every week.

'Boutique' developer

Ie first time developer? Huhuhuhu

Get MMA Fighter to KO tai chi master... owai

Has a few completed projects already. But overall still pretty new.

may i know how u settle it at the end?

thats why.. u need to pay now

late payment charges how much first?

10% of that stage2 ..ard RM5 K..

hello.. thanks for your reply. meaning u get the lawyer helps you to proceed chronology of event then developer agreed to waive the late payment interest?
can ask, how's the chronology event process? what action or letter we need to prepare ya?

the chronology of event is just like a summary on the whole process on when the SnP is stamp, when receive LI, LO, and etc. As well as the loan process.
lawyer will have it, you just need to call and ask them or email them and told them the situation.

As for appeal letter, you can just google and take any format and write on your own will do. Of course you need to deal with the right PIC on developer site.

oh. so first thing i need to get the chronology of event from lawyer then write the appeal letter myself and attached the chronology of event..then send to developer PIC ? is that any supporting docs i need attached ? anything i missed from this appeal process?

btw, can fully waive the penalty or just partial of the amount?

that's all you needed, unless developer need other docs.

fully waive or not is depends on the chronology event and developer decision, this i can't give you a definite answer.

Just called the developer today and to my surprised they said they will get the chronology of events from the lawyer, and get back to me.

wah..ur developer so good, get the things from lawyer so u dont need to go ard ..

Not sure lah. Just hope they will waive it for me.

These are exact reasons why I chose to hire own lawyer. A lawyer can’t act on both sides right ? Can report the lawyer to Bar Council ?

So in the end did developer waive the charges?

HAHAHA

Be an adult, learn how to write proper a letter explaining all this shit things and delays cause by lawyer or bank (if you feel their are responsible) to the developer. I believe you got sales person attending to you, find that sales person pass the letter to developer (don't pass to lawyer as you highly possible complaining the delays due to slowness by lawyer).

In most cases, the developer can waive the interest as usually the Late Payment Interest is computer generated and didn't take consideration external factors.