Sep 8 2021, 06:51 PM
QUOTE(jodrew @ Sep 8 2021, 04:56 PM)
Hello,
First time home buyer here.
I received an invoice from the developer for the interest chargeable on the late settlement for the first progressive claim by financier Maybank.
1. Am I liable for the interest charges for the late settlement from Maybank?
2. Do I have to pay for the interest charges separately or Maybank will settle it?
I'm in a similar case as you (different bank), but because the late settlement was due to developer delay in MOT, hence funds was delayed from bank side. I'm able to waive off interest charges from the developer, so it depends on the reason for your side.First time home buyer here.
I received an invoice from the developer for the interest chargeable on the late settlement for the first progressive claim by financier Maybank.
1. Am I liable for the interest charges for the late settlement from Maybank?
2. Do I have to pay for the interest charges separately or Maybank will settle it?
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