How much you can borrower is not the 1st criteria.

How much is 1st House applicant salary and other loan commitments ?

Similarly, how much is 3rd House salary and other loan commitments ?

How much is the property ?

It can be 1st house for both borrowers, but if other loan commitments are high, your wont get 90%.

If you are relying on general answers to make a purchase, I advise you to reconsider.

In an agency letter for purchase and sale, ......

1. If the purchaser decides not to cont the purchase or failed to sign the SnP within reasonable time after few reminders from seller or agent, then the seller can forfeit the deposit.

2. if the seller decided not to to sell after signing the letter, he has to instruct the agent to refund the deposit and to pay additional amount equivalent to the deposit as compensation to the buyer.

The agency must return the deposit and if they failed to do so, you can report the case to LPPEH. They will be called up to explain and if they still fail to do so, then the agency will be delisted and not allow to carry estate agency work in future.

In addition, all estate agency must purchase an indemnity insurance.

If the seller refuse to pay the purchaser compensation for breach of contract, then the agent cannot fo anything. The purchaser have to then sue the seller personally.

This post has been edited by mini orchard: Mar 9 2022, 02:49 PM