Hi all,
I have 1 question. I'm about to put my signature on a 189k loan (property value 210k)
with Legal fee financed by the bank at approximately RM5k.
I'm about to be the 3rd owner of the property.

So, my question is how much approximately do I have to top up on the 5k legal fee financed by the bank? Does the 5k includes stamping fee, lawyer fee, etc?
Are there any other charges that I should be aware of, that might cost beyond the 5k amount?
And what if the legal fees are less than 5k? Where would the extra $$$ goes?

thanks.

This post has been edited by animegod: Oct 12 2010, 08:24 PM

thanks epie and home_save for the reply. I never knew about the total charges for the transactions. All the while I thought that the legal fee + stamping + snp are included in the legal fees financed by the bank.
Seems like I have to fork out $$ to cover the snp or even the loan amount then..

Again, thanks for the info. It's really helpful.

I've been quoted 8.4k for all fees to acquire the 210k property. faint...
Anyway, is there MOT charge payable upon approving the loan? I thought MOT is issued only after we fully paid the loan amount. Or did the lawyer charged MOT fee due to it's a 3rd hand property?

thanks for all input.

This post has been edited by animegod: Oct 13 2010, 10:46 PM

Hi,
Can someone check these legal fees whether there are any abnormalities or overcharged?
Note that this is a 3rd hand house and seller is using the same lawyer.

Thanks in advance.

Seems like the quotations are good then.
Thanks epie and home_save for the advice. Appreciated it.