Hi, I'm in situation,
planning to buy a new house (under con),
have yet to pay my booking fee
and already applied for loan from several bank for pre-approval

so far only 1 bank verbally replied for the pre-approval being approved,

Question is,
- is there any letter issue for booking fee?
- is there a minimum amount for booking fee? (they require me to pay 10k)
- is verbal approval reliable?
- when is letter offer being issue? must it require booking receipt in order to release letter offer?

Regards,
giasens

Question:
- a receipt is given instead of a letter
- booking fee is about rm2k up to infinite, its dependant on developer.
- no, because it cannot be held accountable or legal to an offer of loan
- when you pay the d/p and sign s&p

to apply for loan, you need the s&p, but please make sure you can more or less qualify for it before signing s&p