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 [WTA] Seek advices about Legal Fees ...

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TSdopamine
post Jul 10 2023, 04:40 PM, updated 3y ago

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This post has been edited by dopamine: Jul 14 2023, 02:02 PM
LazyCat666
post Jul 10 2023, 05:25 PM

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QUOTE(dopamine @ Jul 10 2023, 04:40 PM)
Hi all, i'm the first time home buyer and going to purchase a subsale property.
Understand the stamping duty fees is excluded since first time home buyer and property price below RM500K.
The property agents has quoted me the Legal Fees as below.
Kindly seek your guys advice whether the quoted fees are reasonable or should i survey more option ?
I'm still under learning and exploring more info since i'm the first time home buyer.
Thanks and appreciate your feedback.

SPA & Transfer fees : RM 3854
1. Scale fee for Sale and Purchase of Property (at the purchase price of RM485,000.00) :  RM 4850 + 6% SST = RM 5141
2.  Preparing and filling Borang CKHT 2A : RM300 + 6% SST = RM 318
3.  Statutory Declaration for 1st time home purchase : n/a

REIMBURSEMENT-Sub to SST:-
4. Miscellaneous charges (printing & Stationery, telephone, fax, postage, photostating) : RM 100 + 6% SST = RM 106
5. General travelling & despatch : RM 50 + 6% SST = RM 53
6. Change name in Assessment list : RM 100 + 6% SST= RM 106

DISBURSEMENTS
1. Stamp duty on Sale & Purchase Agreement (4 copies) : RM 40
2. LHDN's processing fee : RM 10
3. Registration fee for Transfer : RM 1000
4. Title search fee : RM 80

Less: - RM 3000

TOTAL AMOUNT : RM 3854
Loan Agreement fees : RM 4402.90
1. Scale fee for Facility Agreement (securing loan sum of RM436,500.00) : RM 4365 + 6% SST = RM 4626.90
2. Subsidiary Instrument - Charge (16A) & Annexure : RM 436.50 + 6% SST = RM 462.69
3. Entry and Withdrawal of Private Caveat -(19B, 19G) : RM 350 + 6% SST = RM 371
4. Statutory Declaration (SD) for owner occupation, non-bankruptcy : RM 100 + 6% SST = RM 106

REIMBURSEMENT-Sub to SST:-
5.  Affirmation fee on SD : RM 50 + 6% SST = RM 53
6. Miscellaneous charges (Stationery, photostating, telephone, fax, postage) : RM 100 + 6% SST = RM 106
7. Bankruptcy /Winding-up search fee : RM 100 + 6% SST = RM 106
8. General travelling & despatch : RM 100 + 6% SST = RM 106
9. Bank's Document Fee/Printing charges : RM 100 + 6% SST = RM 106

DISBURSEMENTS:
1. LHDN's processing fee : RM 10
2. Stamp duty on Form 16A, SD, LO : RM 80
3. Title search fee (Official / Private) : RM 220
4. Registration fee on 16A, 19B, 19G (Inclusive of PA Noting fee) : RM 900

Less: -RM 2,851.50

TOTAL AMOUNT : RM 4,402.09
*
Although the lawyer overcharge on certain items, but considering the discount, I think it's okay la

WaCKy-Angel
post Jul 10 2023, 05:35 PM

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Waseh terang terang extort 10% commissions for help u to get loan?

Anyway u can always get quotation from other lawyers before deciding

This post has been edited by WaCKy-Angel: Jul 10 2023, 05:37 PM
hanhanhan
post Jul 11 2023, 06:05 AM

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too cheap
soulmixx
post Jul 11 2023, 08:18 AM

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Looks reasonable.. they give you lot of discount..

Last year, I buying property get quote from 3 different firms, end choose the cheapest one:
SPA lawyer: rm 3450 (exclude stamp duty)
Loan lawyer: rm 4590

This post has been edited by soulmixx: Jul 11 2023, 08:19 AM
Aaron212
post Jul 11 2023, 08:50 AM

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loyar sign n chop worth alot

My legal fees was 7.5k for a 400k medium cost aprt/condo

Useless loyar firm but it was the panel loyar firm for that project so i cannot choose cannot complaint suck it up
LazyCat666
post Jul 11 2023, 09:15 AM

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QUOTE(WaCKy-Angel @ Jul 10 2023, 05:35 PM)
Waseh terang terang extort 10% commissions for help u to get loan?

Anyway u can always get quotation from other lawyers before deciding
*
That is not 10% commissions. That is lawyer's fees for the loan le. They should use the word "securing" sweat.gif can easily cause misunderstanding
WaCKy-Angel
post Jul 11 2023, 11:05 AM

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From: KL



QUOTE(hanhanhan @ Jul 11 2023, 06:05 AM)
» Click to show Spoiler - click again to hide... «


too cheap
*
QUOTE(LazyCat666 @ Jul 11 2023, 09:15 AM)
That is not 10% commissions. That is lawyer's fees for the loan le. They should use the word "securing"  sweat.gif can easily cause misunderstanding
*
Yawo too cheap if include fees for loan.

I guess the lawyer is developer lawyer
hanhanhan
post Jul 11 2023, 09:24 PM

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Senior Member
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Joined: Oct 2006
From: Kuala Lumpur


QUOTE(WaCKy-Angel @ Jul 11 2023, 11:05 AM)
Yawo too cheap if include fees for loan.

I guess the lawyer is developer lawyer
*
» Click to show Spoiler - click again to hide... «


ignore it.. i tot loan + SPA total is 4,402 only.

SPA + loan total about 8k, ok la the lawyer can earn.

u can still shop around but i doubt u can find lawyer give higher than 65% discount (ur current quote) for such purchase price

This post has been edited by hanhanhan: Jul 11 2023, 09:29 PM
Gabriel03
post Jul 13 2023, 12:12 PM

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QUOTE(dopamine @ Jul 10 2023, 04:40 PM)
Hi all, i'm the first time home buyer and going to purchase a subsale property.
Understand the stamping duty fees is excluded since first time home buyer and property price below RM500K.
The property agents has quoted me the Legal Fees as below.
Kindly seek your guys advice whether the quoted fees are reasonable or should i survey more option ?
I'm still under learning and exploring more info since i'm the first time home buyer.
Thanks and appreciate your feedback.

SPA & Transfer fees : RM 3854
1. Scale fee for Sale and Purchase of Property (at the purchase price of RM485,000.00) :  RM 4850 + 6% SST = RM 5141
2.  Preparing and filling Borang CKHT 2A : RM300 + 6% SST = RM 318
3.  Statutory Declaration for 1st time home purchase : n/a

REIMBURSEMENT-Sub to SST:-
4. Miscellaneous charges (printing & Stationery, telephone, fax, postage, photostating) : RM 100 + 6% SST = RM 106
5. General travelling & despatch : RM 50 + 6% SST = RM 53
6. Change name in Assessment list : RM 100 + 6% SST= RM 106

DISBURSEMENTS
1. Stamp duty on Sale & Purchase Agreement (4 copies) : RM 40
2. LHDN's processing fee : RM 10
3. Registration fee for Transfer : RM 1000
4. Title search fee : RM 80

Less: - RM 3000

TOTAL AMOUNT : RM 3854
Loan Agreement fees : RM 4402.90
1. Scale fee for Facility Agreement (securing loan sum of RM436,500.00) : RM 4365 + 6% SST = RM 4626.90
2. Subsidiary Instrument - Charge (16A) & Annexure : RM 436.50 + 6% SST = RM 462.69
3. Entry and Withdrawal of Private Caveat -(19B, 19G) : RM 350 + 6% SST = RM 371
4. Statutory Declaration (SD) for owner occupation, non-bankruptcy : RM 100 + 6% SST = RM 106

REIMBURSEMENT-Sub to SST:-
5.  Affirmation fee on SD : RM 50 + 6% SST = RM 53
6. Miscellaneous charges (Stationery, photostating, telephone, fax, postage) : RM 100 + 6% SST = RM 106
7. Bankruptcy /Winding-up search fee : RM 100 + 6% SST = RM 106
8. General travelling & despatch : RM 100 + 6% SST = RM 106
9. Bank's Document Fee/Printing charges : RM 100 + 6% SST = RM 106

DISBURSEMENTS:
1. LHDN's processing fee : RM 10
2. Stamp duty on Form 16A, SD, LO : RM 80
3. Title search fee (Official / Private) : RM 220
4. Registration fee on 16A, 19B, 19G (Inclusive of PA Noting fee) : RM 900

Less: -RM 2,851.50

TOTAL AMOUNT : RM 4,402.09
*
very cheap. In which state, you're buying the property?

TSdopamine
post Jul 14 2023, 02:04 PM

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Junior Member
450 posts

Joined: Dec 2006


QUOTE(LazyCat666 @ Jul 10 2023, 05:25 PM)
Although the lawyer overcharge on certain items, but considering the discount, I think it's okay la
*
QUOTE(WaCKy-Angel @ Jul 10 2023, 05:35 PM)
Waseh terang terang extort 10% commissions for help u to get loan?

Anyway u can always get quotation from other lawyers before deciding
*
QUOTE(hanhanhan @ Jul 11 2023, 06:05 AM)
» Click to show Spoiler - click again to hide... «


too cheap
*
QUOTE(soulmixx @ Jul 11 2023, 08:18 AM)
Looks reasonable.. they give you lot of discount..

Last year, I buying property get quote from 3 different firms, end choose the cheapest one:
SPA lawyer: rm 3450 (exclude stamp duty)
Loan lawyer: rm 4590
*
QUOTE(Aaron212 @ Jul 11 2023, 08:50 AM)
loyar sign n chop worth alot

My legal fees was 7.5k for a 400k medium cost aprt/condo

Useless loyar firm but it was the panel loyar firm for that project so i cannot choose cannot complaint suck it up
*
QUOTE(LazyCat666 @ Jul 11 2023, 09:15 AM)
That is not 10% commissions. That is lawyer's fees for the loan le. They should use the word "securing"  sweat.gif can easily cause misunderstanding
*
QUOTE(WaCKy-Angel @ Jul 11 2023, 11:05 AM)
Yawo too cheap if include fees for loan.

I guess the lawyer is developer lawyer
*
Thanks guys and really appreciate your help !

TSdopamine
post Jul 14 2023, 02:05 PM

Casual
***
Junior Member
450 posts

Joined: Dec 2006


QUOTE(hanhanhan @ Jul 11 2023, 09:24 PM)
» Click to show Spoiler - click again to hide... «


ignore it.. i tot loan + SPA total is 4,402 only.

SPA + loan total about 8k, ok la the lawyer can earn.

u can still shop around but i doubt u can find lawyer give higher than 65% discount (ur current quote) for such purchase price
*
QUOTE(Gabriel03 @ Jul 13 2023, 12:12 PM)
very cheap. In which state, you're buying the property?
*
Thanks guys and really appreciate your feedback !

 

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