Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Redemption Service Charge - RM50

views
     
TSwestlife
post Nov 1 2023, 07:14 PM, updated 3y ago

10k Club
********
All Stars
14,227 posts

Joined: Jan 2011
what is this charge about?

I had signed SPA and in the midst of selling my house. Is this the charge that the lawyer request for full settlement of my loan thus there is this charge or what?

user posted image
taitianhin
post Nov 1 2023, 09:10 PM

Look at my STARS, it never burn out
******
Senior Member
1,521 posts

Joined: Apr 2005
From: too far to see


you are asking very specific question on a particular item.
Have you gotten another quotation from other firm to compare the charges? Basically, we cant monitor every items.
What I usually do is to get them give me 1 lump sum discount, until I satisfy. usually deduct 20%-30% on Legal fee

U will see a lot of Runner fee, printing fee....but they need earning
in Life, sometimes you just cant win it all

This post has been edited by taitianhin: Nov 1 2023, 09:11 PM
TSwestlife
post Nov 1 2023, 09:30 PM

10k Club
********
All Stars
14,227 posts

Joined: Jan 2011
QUOTE(taitianhin @ Nov 1 2023, 09:10 PM)
you are asking very specific question on a particular item.
Have you gotten another quotation from other firm to compare the charges? Basically, we cant monitor every items.
What I usually do is to get them give me 1 lump sum discount, until I satisfy. usually deduct 20%-30% on Legal fee

U will see a lot of Runner fee, printing fee....but they need earning
in Life, sometimes you just cant win it all
*
i am not asking about legal fee.

i am asking about the rm50 charge in my home loan.
LazyCat666
post Nov 3 2023, 05:27 PM

Getting Started
**
Junior Member
99 posts

Joined: Aug 2022
QUOTE(westlife @ Nov 1 2023, 07:14 PM)
what is this charge about?

I had signed SPA and in the midst of selling my house. Is this the charge that the lawyer request for full settlement of my loan thus there is this charge or what?

user posted image
*
This is the bank's charge for issuance of redemption statement for your housing loan. This is normal
TSwestlife
post Nov 3 2023, 05:44 PM

10k Club
********
All Stars
14,227 posts

Joined: Jan 2011
QUOTE(LazyCat666 @ Nov 3 2023, 05:27 PM)
This is the bank's charge for issuance of redemption statement for your housing loan. This is normal
*
ic. so meaning this is something requested by the buyer's lawyer that he is trying to repay my home loan rite?

so when do i start stop paying for my home loan ah?
LazyCat666
post Nov 3 2023, 05:49 PM

Getting Started
**
Junior Member
99 posts

Joined: Aug 2022
QUOTE(westlife @ Nov 3 2023, 05:44 PM)
ic. so meaning this is something requested by the buyer's lawyer that he is trying to repay my home loan rite?

so when do i start stop paying for my home loan ah?
*
Yes, they request for redemption statement so that the buyer / the buyer's bank can pay your bank the outstanding house loan sum.

You should continue paying until buyer / the buyer's bank settle your house loan. Your bank will refund any extra sum to you
TSwestlife
post Nov 3 2023, 05:56 PM

10k Club
********
All Stars
14,227 posts

Joined: Jan 2011
QUOTE(LazyCat666 @ Nov 3 2023, 05:49 PM)
Yes, they request for redemption statement so that the buyer / the buyer's bank can pay your bank the outstanding house loan sum.

You should continue paying until buyer / the buyer's bank settle your house loan. Your bank will refund any extra sum to you
*
icic. ok ok. thanks. tongue.gif

 

Change to:
| Lo-Fi Version
0.0180sec    0.44    5 queries    GZIP Disabled
Time is now: 26th November 2025 - 03:17 PM