i dont see this is a problem also...

anyway, whether epf allows or not, it is bad decision to enter a property deal with someone who is not related to you, there is too much issues to be dealt with if things went sour between the two party as the estate is shared equally. A lawyer will will be able to tell you about its disadvantages or if you ponder carefully, the cons are heavily weighted against the pros.

actually it has been like that 15 years ago oredi lor, new rule meh ?

Sorry.. they have updated they website recently due to too many complaints on this matter... furthermore this new rule just implemented since 5th Nov. I wonder y u said since 15 yrs ago??? u may call to their customer service line to clarify... 03 8922 6000

There rules was already there, only recently implemented. They may have closed one eye before this.

I assume there lotsa cases of ownership issue, hence it's now strictly implemented. Well, my assumption only.

Case like this fellow, http://forum.lowyat.net/topic/818945 .

This post has been edited by c9: Nov 14 2008, 11:50 AM

I think EPF is doing the right thing.....if TS why dont you join name and buy house with me....and you draw your epf and i no need to pay single cent......
Will you?

I believe some forumers here have explained the situation clearly.

For example, if you were to buy a house with your mum/bro/sis, there are specific legal provisions on the disposal or transfer of the property BECAUSE YOU ARE RELATED.

So you want to buy a property with your bf, if the relationship turns sour a bf/gf relationship isn't counted in legal terms! Then how do you handle the disposal of the house etc?

The cons are just too many...

i believe its all clear up now. EPF doing this to prevent ppl from buying property as an investment..

huh ? you sure ? oh my god ...pengsan ....

im buying not for investment... its an initial stage for me n my bf to build a home sweet home.. anyhow.. i oledi got my epf $$, epf had approved my application ..they received too many complaints for sudden changed of their rule.. so im the last batch who will get the approval..

I have managed to purchase 1st house property with joint-name (not family related) with both names in the property, then withdraw from both EPF without problem. The last withdrawal was Jan 2008. I am going to withdraw again on Jan 2009. If I can find back this thread, I will update whether it is possible or not

check the small prints perhaps? does it mention any clause such as " we at KWSP has the right to change any terms and condition WITHOUT PRIOR NOTICE" or something like that, if that is so, than you can't do anything0 but I never contribute to KWSP so I am not sure.

we all should have learn something from horror stories of having joint names on a property. the risk is too great.

i am sure government implemented that ruling after receiving many reports on its implication.

i do hope your bf signs an agreement detailing how both of you could amicably settle out things in the event of unfortunate break up. not that i am wishing but i have heard a couple of cases.

This post has been edited by kristal: Dec 11 2008, 10:35 PM

i have this same problem too....

i did my S&P agreement and bank loan in August with my gf....the reason was because during that time, the property was rising so we decided to purchase the property before our marriage....our planning was to purchase the house then met married a year later but this case is giving me a big headache...

i have complained and wrote a letter but there is no news from them yet....before signing the S&P, i did go over to KWSP to enquire about the procedure and got all the info...i followed their procedure and even went there several time before this....but due to some complication with the lawyer, i just managed to get the consent letter for the strata transfer from developer recently....suddenly they told me that i need the marriage cert in order to withdraw without any announcement from them....how can they do this without telling us in advance....

i have thought of signing the cert to solve this problem but getting married is not something you wanna do just to fulfill some stupid requirement....its a lifetime commitment....if we were to get married just because of this issue, it might come back to haunt us in the future...image 10 years from now n when we enter an argument...suddenly anyone of us said " last time i got married to you just because of the house" just out of anger even if we dont mean it....getting married just for this is just not the right thing to do .....

anyone has any idea what i can do?....both of us really need this epf to clear our downpayment....if not i will have to stay paying penalty which is 10% of the house value per year....its a lot of money ....EPF is really pushing me to a corner now....somemore EPF is our own money ....wtf r they doing this to us....they should give us 1-2 months to prepare ourselves before implementation ....

The better solution, buy the house with a single name, solve all the problem

If you bought the house under joint name, then if broke up afterwards, the consequences might be more troublesome than withdrawing the EPF part.

If not broke up, then marry now also make no different, right?

If if thinking of broke up afterwards (as mentioned in your post), it is much better buy with a single name. It doesn't matter the house belonged to whose name if one is trusting each other. If no trust, then better don't buy at all.

You realise that it is a long time commitment in getting married; yet you forgot that buying and servicing a house is also a long term commitment?!
Also you mentioned about getting married because of "fulfill some stupid requirement"....aren't you contradicting yourself in the first place?
Why do you think you want a joint name for a property? Isn't it for both you and your current GF's future?!....

I'm not getting into financial here, it' more about your maturity in thinking.
To the point you are assuming an argument being brought up 10 years later and this "getting married" topic got brought up; are you implying that 10 years from now you're still not married to your current GF, things would be easier?

FYI, in later stage of time when you decided to break off the relationship and do transferring of title and all; it's a much difficult situation regardless of married or not.

Look at this thread for a learner:
http://forum.lowyat.net/topic/818945

And think carefully about your decision! You're planning a future, and it's not only about buying property.

i know its a difficult task....the situation that the other topic encounter is very different from my side....we have plans to get married but its not as simple as going to the office to sign the documents....there r still many families in Malaysia that follow traditions n stuff .....for me, when we get married, we need to oblige the requirements of our parents and its not something can be done in a day....

My meaning of "fullfilling some stupid requirement" is definitely not contradicting myself....dont you think its not right for them to implement this ruling without even making any announcement?....we are talking bout money from the Citizens....they did it the wrong way ...if this is indeed something implemented long ago an i did not fulfill the requirement then its my wrong but they did it without giving us any time to prepare ...then i definitely thinks that its a stupid requirement....

to me this, i understand the importance of this ruling but implementing it as they like which causes so much pain to others is definitely wrong....stuff like these needs time and not suppose to an overnight thing....even the back seat belt ruling was implemented after several months of announcement so that others have time to do it ...

I m not saying that i dont wanna marry my GF...i have already stated that we will be getting married the following year but i just dont wanna propose to her because of such a reason which MAY be brought up in future arguements....i wan her to say yes from her heart and not because of any other reason that will influence her decision....

I totally understand your feeling. Me and my bf insisted not to marry just because of this stupid ruling.. but im a little lucky cz they finally release the $$$$ to us.... but do you knoe that epf will approve all the application that submitted before 21st NOv. when did u apply ?

yup ...the manager told me about it but the problem is i submitted it last friday ....the manager told me that the chances are very very low....she asked me to look for other mean of cash ....wtf....where the hell do i find other means of cash ....but at least she is very nice to explain things to me....not blaming her but i was just damn furious....

now having a big headache ....y do they like to do these things ....i agree that the ruling helps in reducing fraud but at least give us some grace period....

i think worst come to worst you have to register with ur gf already... bear in mind that upon submitting all the document for marriage registration, u stil have to wait for another 21 days ...then oni u could fix a date to register and get the cert. When u submit the marriage cert to epf, thye might take another week to process. So the whole thing might take min 4 weeks before you can get the monies...

second option: you can borrow from your family 1st, then after you guys register only withdraw the $$$... this work if your family member is not in need of $$$$