hi guys

wanna ask regarding LPPSA

1. is it possible to get a 100% loan on 2nd property? If u mean by using LPPSA, then you will need to sell off or settle your current house before you can go for the next LPPSA loan. 100% of the amount shouldn’t be an issue as long as it’s within your eligibility.

2. it is said that i have to appoint a lawyer to facilitate the process. Can a property agent fill this role? or if not, any cost estimates? This question not so clear... not sure which process you mean? LPPSA loan process? Maybe can state clearer so can provide a clearer answer to you.

hi guys

wanna ask regarding LPPSA

1. is it possible to get a 100% loan on 2nd property? If u mean by using LPPSA, then you will need to sell off or settle your current house before you can go for the next LPPSA loan. 100% of the amount shouldn’t be an issue as long as it’s within your eligibility.

2. it is said that i have to appoint a lawyer to facilitate the process. Can a property agent fill this role? or if not, any cost estimates? This question not so clear... not sure which process you mean? LPPSA loan process? Maybe can state clearer so can provide a clearer answer to you.
Hi, nice to have you here,

1. 2nd property use LPPSA loan, 1st is using normal bank loan. still need to settle 1st house loan?
No... cos as long as it's first loan from LPPSA then it's fine. You can have 3 existing loans from commercial bank and still get 100% loan from LPPSA as they do not check on your CCRIS or CTOS, just as long as you are eligible then ok laio.

2. Actually I saw for this that in the LPPSA system they have their own panel lawyer. Just asking whether all the legal fees can mark up inside loan or not,

Erm... LPPSA got own panel lawyers. You can download the list based on your location and choose the one you want. As for the loan amount, again, depends on your eligibility and also the value of the property. For LPPSA, they do not engage commercial valuers that normally commercial bank will use. For LPPSA, they will get valuer from JPPH and their valuation often 10% - 15% lower than what commercial valuer offer. Do take note on this.