If I were you, I will go for conventional loan for house A and islamic loan for house B from 2 banks.

Then you will have another spare cash to buy a similar property and do it the same way, just pay RPGT if sell within 3 years.

The rate is pretty much the same. Go for islamic loan without lock-in.

But u haven't answered me where's house B located though. =)

Would it be possible for you to tell me more about your decision to apply for two loans instead of just applying for one?

I am sorry I overlooked your message. The house is located in Dungun.

If you can get loan to finance ur purchases, get it all. Then you will have spare cash to purchase 3rd one for investment.

Anyway, if you would like to have bank loan adviser for all these arrangement, PM me ur contact, we will go from there.

Hi all, by the way, would like to check if both joint name A&B to purchase a new house under S&P agreement. But housing loan is only under A single name.

Can both A&B eligible to apply EPF home partial withdrawal for the purchase of new home ?

This post has been edited by kevintai: May 9 2022, 11:28 PM

Yes you can . They follow s&p, not loan name .

Sorry to hijack this post ,

For mot, hear says we are entitle for 1 time waiver for first house, is this true? (Non HOC)

T&C apply like property below 500K, legal fee remain payable unless absorb/include by developer

Budget 2022 Stamp Duty Exemption For First-Time Buyers
Great news! During the Budget 2021 tabling, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, stated that first-time buyers will be given stamp duty exemptions on the memorandum of transfer documents (MOT) and loan agreements.

For homes priced up to RM500,000, the exemption will apply for the purchase of residential property from 1 January 2021 to 31 December 2025. It was also stated that the Sales and Purchase Agreement (SPA) must be executed and signed within the stipulated period.

This means you’ll get to save RM11,250 in savings with a full stamp duty exemption on an RM500,000 home!

https://loanstreet.com.my/learning-centre/m...-buying-a-house

It depends in the relationship between A and B.

If spouse, then can withdraw to reduce loan after the purchase.

I have seen unmarried couple manage to withdraw

You are right.

Read wrongly. Thought it was one name snp.

So long own name are part of the loan parties EPF will allow the withdrawal

No worries. But if one name snp, the spouse(married) is allowed to withdraw also ka? Really curious

Yes

What my banker told me was that for property value over RM500,000.00, I had to pay partial as the first RM500,000.00 was waived by the government, isn't that true?

Bingo, that will be the case

Earlier today, I received a call from PBB (I would like to buy my parents' house, and they will renovate it with the money). They rejected my loan due to that being my parents' house.

According to my banker, HQ feedback is unfavourable. According to her, all my documents are acceptable, but there is a policy issue (said because I bought my parents' house). It made me so miserable.

I'll submit it to the other banks. Until then, I'd like to get some more information from you.